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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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