Question
An asset with a purchase price of $316,076 falls in the 3-year MACRS asset class. The asset will be sold at the end of a
An asset with a purchase price of $316,076 falls in the 3-year MACRS asset class. The asset will be sold at the end of a three year project for $134,159. What is the book value of the asset at the end of the project? Round your answer to the nearest dollar.
| Year | Depreciable Allowance |
| 1 | 33% |
| 2 | 45 |
| 3 | 15 |
| 4 | 7 |
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Principles Of Finance With Excel
Authors: Simon Benninga, Tal Mofkadi
3rd Edition
0190296380, 9780190296384
