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Question 1 1 ( Estimated time allowance: 4 minutes ) Compute the remaining book value ( RBV ) of an equipment at end of year

Question 11
(Estimated time allowance: 4 minutes) Compute the remaining book value (RBV) of an
equipment at end of year 6. The equipment costs $8,000,000 today. The equipment is considered
for tax purposes as a 7-year MACRS class. The MACRS table is provided in excel in this problem,
just click here
For your answer round to nearest dollar, do not use commas to separate thousands, do not use the $
sign.
Answer:
(1,070,400)
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