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United Stores purchased some 7-year MACRS property 3 years ago. What is the current book value of this equipment if the original cost was $229,000?

United Stores purchased some 7-year MACRS property 3 years ago. What is the current book value of this equipment if the original cost was $229,000? The MACRS allowance percentages are as follows:

year 1: 14.29

2: 24.49

3: 17.49

4: 12.49

5: 8.93

6: 8.93

7: 8.93

8: 4.45

answer: $100,141.70

how to get the number?

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