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To launch a new project, Company FIN3610-ETRA just spent $3,150,000 to purchase an equipment The equipment will be depreciated follow the three-year MACRS depreciation schedule.

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To launch a new project, Company FIN3610-ETRA just spent $3,150,000 to purchase an equipment The equipment will be depreciated follow the three-year MACRS depreciation schedule. According to the three-year MACRS schedule, the depreciation percentage each year from year 1 to year 4 is 33.33%, 44.45%, 14.81%, and 7.41%, respectively, Please calculate the equipment's book value in the end of Year 3. Multiple Choice SO $699.930 $2,100,105 $233,415 $2.916,585

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