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Three years ago ABC Co purchased some equipment for $500,000, and the equipment falls in the MACRS three year property class What is the book

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Three years ago ABC Co purchased some equipment for $500,000, and the equipment falls in the MACRS three year property class What is the book value of the equipment at the end of year three, assuming the following depreciation rates Year 1:3 Year 2 453 Year 3 15% $35.000 5465.000 $75,000 0

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