Question
Darden Manufacturing purchased some fixed assets four years ago at a cost of $720,000. It no longer needs these assets, so it is going to
Darden Manufacturing purchased some fixed assets four years ago at a cost of $720,000. It no longer needs these assets, so it is going to sell them today at a price of $108,000. The assets are classified as 5-year property for MACRS. The MACRS table values .2000, .3200, .1920, .1152, .1152, and .0576 for Years 1 to 6, respectively. What is the current book value of these assets?
| $144,824 | ||
| $107,575 | ||
| $132,562 | ||
| $124,416 | ||
| $115,632 |
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Principles of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter, Wajeeh Elali, Amer Al Roubaix
Arab World Edition
1408271583, 978-1408271582
