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Chapter 11. You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $79,000. What will the book value of

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Chapter 11. You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $79,000. What will the book value of this equipment be at the end of two years should you decide to resell the equipment at that point in time? Year MACRS 5-year Property Rate 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% $5,056 $22,752 $37,920 $41,080 556,248

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