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An asset fitting into the 5 -year MACRS category was purchased two years ago for $55,000. The book value of this asset is now (Do

An asset fitting into the 5 -year MACRS category was purchased two years ago for $55,000. The book value of this asset is now (Do not round intermediate calculations.) Multiple Choice $21,200 $26,400 $31,000 $40,600

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