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Morris Motors just purchased some MACRS 5-year equipment at a cost of $216,000. The equipment will be used in an 8-year project. What is the

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Morris Motors just purchased some MACRS 5-year equipment at a cost of $216,000. The equipment will be used in an 8-year project. What is the book value of this equipment at the end of year 8? MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% $216,000 $103,680 $12,442 0 $0 O $415,385

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