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Madden Corporation recently purchased fixed assets for $150,000 and they are classified as 5-year property for MACRS. The corporate tax rate is 34 percent. What

Madden Corporation recently purchased fixed assets for $150,000 and they are classified as 5-year property for MACRS. The corporate tax rate is 34 percent. What is the book value remaining after two years?

$72,000

$45,220

$85,210

$57,600

$96,000

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