You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $200,000. What will the book value of this equipment be at the end of two 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% 5 11.52% 6 5.76%

Group of answer choices

$51,400

$56,000

$104,000

$96,000

none of these