Question
Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $97,000. The book value of the asset at year 3
Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $97,000. The book value of the asset at year 3 will be $____. Round it to a whole dollar. MACRS 5-year property
| Year | Rate |
| 1 | 20.00% |
| 2 | 32.00% |
| 3 | 19.20% |
| 4 | 11.52% |
| 5 | 11.52% |
| 6 | 5.76% |
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Edition
0134083245, 9780134083247
