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Western Steer purchased some three-year MACRS property three years ago. What is the current book value of this equipment if the original cost was $58,000?
- Western Steer purchased some three-year MACRS property three years ago. What is the current book value of this equipment if the original cost was $58,000? The MACRS allowance percentages are as follows, commencing with year 1: 33.33, 44.45, 14.81, and 7.41 percent.
$0 $1,122 $4,298 $7,863 $8,886
| $0 |
| $1,122 |
| $4,298 |
| $7,863 |
| $8,886 |
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
