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Whidbey Inc. purchased some fixed assets three years ago at a cost of $20,000 and these assets are classified as 5-year property for MACRS. Since

Whidbey Inc. purchased some fixed assets three years ago at a cost of $20,000 and these assets are classified as 5-year property for MACRS. Since they no longer need these assets , they decide to sell them today at a price of $35,000.What is the current book value of these assets, i.e. the undepreciated amount at the time of the sale?

MACRS 5-year property

YearRate

120.00%

232.00%

319.20%

411.52%

511.52%

65.76%

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