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A company purchased some fixed assets four years ago at a cost of $1,034,000. It no longer needs these assets, so it is going to
A company purchased some fixed assets four years ago at a cost of $1,034,000. It no longer needs these assets, so it is going to sell them today at a price of $142,000. The assets are classified as 5-year property for MACRS. The MACRS table values.2000,.3200,.1920,.1152,.1152, and.0576 for Years 1 to 6, respectively. What is the current book value of these assets? $178,675.20 $183,509.60 $188,344.00 $193,178.40 $198,012.80
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