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please solve asap A nuclear power plant piece of equipment has a first cost of $5,900,370 with a $528,0190 net salvage value. Using MACRS, find
please solve asap
A nuclear power plant piece of equipment has a first cost of $5,900,370 with a $528,0190 net salvage value. Using MACRS, find its book value for year 4 . \begin{tabular}{|c|c|c|c|c|c|c|} \hline \multirow[b]{2}{*}{ Year } & \multicolumn{6}{|c|}{ Depreciation Rate (%) for Each MACRS Recovery Period in Years } \\ \hline & n=3 & n=5 & n=7 & n=10 & n=15 & n=20 \\ \hline 1 & 33.33 & 20.00 & 14.29 & 10.00 & 5.00 & 3.75 \\ \hline 2 & 44.45 & 32.00 & 24.49 & 18.00 & 9.50 & 7.22 \\ \hline 3 & 14.81 & 19.20 & 17.49 & 14.40 & 8.55 & 6.68 \\ \hline 4 & 7.41 & 11.52 & 12.49 & 11.52 & 7.70 & 6.18 \\ \hline 5 & & 11.52 & 8.93 & 9.22 & 6.93 & 5.71 \\ \hline 6 & & 5.76 & 8.92 & 7.37 & 6.23 & 5.29 \\ \hline 7 & & & 8.93 & 6.55 & 5.90 & 4.89 \\ \hline 8 & & & 4.46 & 6.55 & 5.90 & 4.52 \\ \hline 9 & & & & 6.56 & 5.91 & 4.46 \\ \hline 10 & & & & 6.55 & 5.90 & 4.46 \\ \hline 11 & & & & 3.28 & 5.91 & 4.46 \\ \hline 12 & & & & & 5.90 & 4.46 \\ \hline 13 & & & & & 5.91 & 4.46 \\ \hline 14 & & & & & 5.90 & 4.46 \\ \hline 15 & & & & & 5.91 & 4.46 \\ \hline 16 & & & & & 2.95 & 4.46 \\ \hline 1720 & & & & & & 4.46 \\ \hline 21 & & & & & & 2.23 \\ \hline \end{tabular} TABLE 16-4 Example MACRS Recovery Periods for Various Asset Descriptions \begin{tabular}{|c|c|} \hline & \begin{tabular}{c} MACRS \\ n Value, Years \\ \end{tabular} \\ \hline Asset Description (Personal and Real Property) & GDS \\ \hline \begin{tabular}{l} Special manufacturing and handling devices, tractors, \\ racehorses \end{tabular} & 3 \\ \hline \begin{tabular}{l} Computers and peripherals, oil and gas drilling \\ equipment, construction assets, autos, trucks, buses, \\ cargo containers, some manufacturing equipment \end{tabular} & 5 \\ \hline \begin{tabular}{l} Office furniture; some manufacturing equipment; \\ railroad cars, engines, tracks; agricultural machin- \\ ery; petroleum and natural gas equipment; all \\ property not in another class \end{tabular} & 7 \\ \hline \begin{tabular}{l} Equipment for water transportation, petroleum refin- \\ ing, agriculture product processing, durable-goods \\ manufacturing, shipbuilding \end{tabular} & 10 \\ \hline \begin{tabular}{l} Land improvements, docks, roads, drainage, bridges, \\ landscaping, pipelines, nuclear power production \\ equipment, telephone distribution \end{tabular} & 15 \\ \hline \begin{tabular}{l} Municipal sewers, farm buildings, telephone switch- \\ ing buildings, power production equipment (steam \\ and hydraulic), water utilities \end{tabular} & 20 \\ \hline Residential rental property (house, mobile home) & 27.5 \\ \hline \begin{tabular}{l} Nonresidential real property attached to the land, but \\ not the land itself \end{tabular} & 39 \\ \hline \end{tabular} $4,749,330 $4,913,006 $4,086,006 $4,507,720Step by Step Solution
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