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ABC purchased $55,540 of equipment 2 years ago. The equipment is 7-year MACRS property. What is the current book value of the equipment? The MACRS

ABC purchased $55,540 of equipment 2 years ago. The equipment is 7-year MACRS property. What is the current book value of the equipment? The MACRS allowance percentages are as follows, starting with Year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent. Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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