Question
Data, Inc. purchased some fixed assets four years ago at a cost of $19,800. It no longer needs these assets, so it is going to
Data, Inc. purchased some fixed assets four years ago at a cost of $19,800. It no longer needs these assets, so it is going to sell them today at a price of $3,500. 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?
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Venture Capital And The Finance Of Innovation
Authors: Andrew Metrick
1st Edition
0470074280, 9780470074282
