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An asset fitting into the 5-year MACRS category was purchased two years ago for $115,000. The book value of this asset is now ___ Note:

An asset fitting into the 5-year MACRS category was purchased two years ago for $115,000. The book value of this asset is now ___
Note: Do not round intermediate calculations.
Multiple Choice
$55,200
$50,000
$59,800
$69,400
image text in transcribed
An asset fitting into the 5 -year MACRS category was purchased two years ago for $115,000. The book value of this asset is now Note: Do not round intermedlate calculations. Multiple Choice $55.200 $50,000 $59800 $69.400 An asset fitting into the 5 -year MACRS category was purchased two years ago for $115,000. The book value of this asset is now Note: Do not round intermedlate calculations. Multiple Choice $55.200 $50,000 $59800 $69.400

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