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Mr. Collins is interested in starting up his own sports broadcasting network called BGTD Sports which will cover only Pacers basketball while yelling 'Boom Goes

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Mr. Collins is interested in starting up his own sports broadcasting network called BGTD Sports which will cover only Pacers basketball while yelling 'Boom Goes the Dynamite' after every play. He just purchased some camera equipment that is classified as 5-year property for MACRS. The equipment cost $383,723. What will the book value of this equipment be at the end of three years should you decide to resell the equipment at that point in time? MACRS 5-year property Year 1:20.00% Year 2: 32.00% Year 3: 19.20% Year 4:11.52% Year 5: 11.52% Year 6: 5.76%

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