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What is the book value of an asset at the end of the 7th year with the following details using MACRS? The asset will be

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What is the book value of an asset at the end of the 7th year with the following details using MACRS? The asset will be put in use in the 2nd quarter and will be depreciated over 8 years. Initial cost of asset $165,312.50 Salvage value $23,143.75 Life of asset 7 years Rate of interest 7.50% p y c y O $4,175 O $4,801 O $5,521 O $6,350

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