Question
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. | $0 | |
| B. | $288 | |
| C. | $520 | |
| D. | $500 | |
| E. | $173 |
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
2nd Edition
0273651080, 978-0273651086
