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Morris Motors just purchased some MACRS 5-year property at a cost of $216,000. Which one of the following will correctly give you the book value
Morris Motors just purchased some MACRS 5-year property at a cost of $216,000. Which one of the following will correctly give you the book value of this equipment at the end of year 2? MACRS 5-year property Table Year Rate 20.00% 32.00% 19.20% 4 11.52% 11.52% 5.76% O [$216,000 (1-0.20)] (1-0.32) O $216,000 (0.20 + 0.32) O $216,000/(1 + 0.20 + 0.32) $216,000 * (.192+.1152+.1152+.0576)
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