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Company XYZ has just purchased a new piece of equipment for $71.2 thousand (depreciable basis). The company plans to depreciate the equipment according to the

Company XYZ has just purchased a new piece of equipment for $71.2 thousand (depreciable basis).

The company plans to depreciate the equipment according to the MACRS schedule listed below.

MACRS Schedule:

Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
20% 32% 19% 12% 11% 6%

What is the ending book value of the equipment at the end of year 4?

Enter you answer as a number with no decimal places and no commas or dollar sign.

Do not enter your answer in thousands (i.e. do not enter 17.1 for 17100).

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