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Book value Find the book value for each of the assets shown in the following table, assuming that MACRS depreciation is being used. (See

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Book value Find the book value for each of the assets shown in the following table, assuming that MACRS depreciation is being used. (See Table 4.2 for the applicable depreciation percentages.) Installed Asset cost Recovery period (years) Elapsed time since purchase (years) A $ 890,000 5 2 BCDE 67,000 7 4 34,000 3 1 4,280,000 10 5 753,000 5 3

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