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A piece of newly purchased industrial equipment costs $ 9 0 6 , 2 5 5 . 0 0 and is classified as a seven

A piece of newly purchased industrial equipment costs $906,255.00 and is classified as a seven-year-property under MACRS. What is the book value of this piece of equipment at the end of year 3?
Answer format: Currency: Round to: 2 decimal places.
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