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A travel agency moves to a new facility and purchases new office equipment for $47,000. Office equipment is classified in the 7-year property class using
A travel agency moves to a new facility and purchases new office equipment for $47,000. Office equipment is classified in the 7-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 1 and 3 using MACRS with 50% bonus depreciation? Click here to access the TVM Factor Table Calculator. Depreciation allowance at the end of year 1: $ $ Book value at the end of year 1: Depreciation allowance at the end of year 3: Book value at the end of year 3: Carry all interim calculations to 5 decimal places and then round your final answers to 2 decimal places. The tolerance is 3.00. Save for Later Attempts: 0 of 1 used Submit
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