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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

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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 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 Year Rate 1 20.00% 2 32.00% 3 19.20%

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