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You just purchased some equipment that is classified as 5-year property for MACRS. The equipmen cost $85,000. What will the book value of this
You just purchased some equipment that is classified as 5-year property for MACRS. The equipmen cost $85,000. 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 Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 56 11.52% 5.76% $22,752 $24,480 $41,080 $37,920 $5,056
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Personal Finance Turning Money into Wealth
Authors: Arthur J. Keown
7th edition
978-0133856507, 013385650X, 133856437, 978-0133856439
