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A company purchased some fixed assets four years ago at a cost of $650,000. It no longer needs these assets, so it is going to

A company purchased some fixed assets four years ago at a cost of $650,000. It no longer needs these assets, so it is going to sell them today at a price of $118,000. 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?

$136,800

$130,660

$124,700

$118,460

$112,320

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