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Use the following MACRS depreciation schedule for questions #8 - #10: MACRS 5-Year Property Ben's Burritos purchased some fixed assets classified as 5-year property for

image text in transcribedimage text in transcribed Use the following MACRS depreciation schedule for questions \#8 - \#10: MACRS 5-Year Property Ben's Burritos purchased some fixed assets classified as 5-year property for MACRS. The assets cost $94,000. What will the accumulated depreciation be at the end of year three? Use the following MACRS depreciation schedule for questions \#8 - \#10: MACRS 5-Year Property You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $147,000. What will the book value of this equipment be at the end of 4 years should you decide to resell the equipment at that point in time

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