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You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $68,950. What will the book value of this equipment

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You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $68,950. 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? (Round the nearest dollar.) Year2 Year3 Year4 Year5 Year6 MACRS Rates 20.00% 32.00% 19.20% 11.52% 5.76% Year1 11.52% $41,080 $33,096 $37.920 $22.752

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