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A firm purchased some 7-year MACRS property five years ago. What is the current book value of this equipment if the original cost was $89,000?

A firm purchased some 7-year MACRS property five years ago. What is the

current book value of this equipment if the original cost was $89,000?

Year 1 2 3 4 5 6 7 8

Percent 14.29 24.49 17.49 12.49 8.93 8.93 8.93 4.45

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