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A five year asset is purchased for $1000 and deductions are taken according to the MACRS schedule. At the end of the sixth year, what

A five year asset is purchased for $1000 and deductions are taken according to the MACRS schedule. At the end of the sixth year, what is the book value (purchase price minus sum of all deductions taken)?

A. $288

B. $0

C. $173

D. $520

E. $500

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