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Lee's Furniture just purchased $ 4 1 , 0 0 0 of equipment that is classified as 5 - year MACRS property. The MACRS rates

Lee's Furniture just purchased $41,000 of equipment that is classified as 5-year MACRS property. The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 percent, 11.52 percent, and 5.76 percent for Years 1 to 6, respectively. What will be the book value of this equipment at the end of each year if the company ignores bonus depreciation?
Year 1 Year 2 Year 3 Year 4 Year 5
Book Value

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