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A mixer was purchased two years ago for $ 9 1 6 3 8 and can be sold for $ 1 2 5 , 0

A mixer was purchased two years ago for $

91638

and can be sold for $

125, 000

today. The mixer has been depreciated using the MACRS

5 -

year recovery period and the firm pays

40

percent taxes on both ordinary income and capital gain. Find the book value.

Note: Use one decimal place. Insert numbers only. Refer to the MACRS table in the slides.

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