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An asset fitting into the 5-year MACRS category was purchased two years ago for $120,000. The book value of this asset is now (Do not

An asset fitting into the 5-year MACRS category was purchased two years ago for $120,000. The book value of this asset is now (Do not round intermediate calculations.) Maitiple Choice $52,400 $57,600 $71.800 $62,200

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