Question
A company purchased an asset for $3,900,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation
A company purchased an asset for $3,900,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project?
Multiple Choice
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$2,600,130
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$866,580
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$0
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$288,990
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$3,611,010
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
