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A firm will purchase a new piece of equipment today for $275,000. The equipment will also cost an additional $25,000 for installation and delivery. The

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A firm will purchase a new piece of equipment today for $275,000. The equipment will also cost an additional $25,000 for installation and delivery. The equipment will be depreciated using a 5-year MACRS depreciation schedule. What will be the book value of the equipment in exactly two years? $120,000 $132,000 $156,000 $108,000 $144,000

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