Question
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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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
11th Canadian Edition
1259024970, 978-1259265921
