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A company purchased some fixed assets four years ago at a cost of $700,000. It no longer needs these assets, so it is going
A company purchased some fixed assets four years ago at a cost of $700,000. It no longer needs these assets, so it is going to sell them today at a price of $145,000. The assets are classified as 5-year property for MACRS. The MACRS table values.2000..3200..1920, 1152.1152, and 0576 for Years to 6, respectively. What is the current book value of these assets? $141,696 $134,784 $127,872 $120,960 $114,048
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