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You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $147,000. What will the book value of this equipment
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $147,000. What will the book value of this equipment be at the end of 2 years should you decide to resell the equipment at that point in time? (Hint: Its asking for book value, not after-tax salvage value)
Group of answer choices
A. $8,467.20
B. $25,401.60
C. $70,560.00
D. $42,336.00
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