You just purchased some equipment that is classified as $5-$year property for MACRS. The equipment cost $$65,000.$ What will the book value of this equipment be at the end of three years should you decide to resell the equipment at that point in time?

MACRS $5-$year Property

$\backslash$table$[[$Year$,$Rate$],[1,20\mathrm{.}00\%$