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The carrying value of an asset classified under the 10-year CATEGORY MACRS property of the Mayaguez Indian Company located in Kissimmee Florida is $49,5000 after

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The carrying value of an asset classified under the 10-year CATEGORY MACRS property of the Mayaguez Indian Company located in Kissimmee Florida is $49,5000 after the first year. If it is estimated that your estimated residual or market value will be $5,000 at the end of its 15-year lifespan, what do you estimate was the original cost base of this asset? Select one: H A) $61,875 B)$50,000 C) $52,105 D) $55,000

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