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You just purchased some equipment that is classified as five-year property for MACRS. The MACRS rates are 2, 32, 192, 1152, 1152, and 0576 for

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You just purchased some equipment that is classified as five-year property for MACRS. The MACRS rates are 2, 32, 192, 1152, 1152, and 0576 for Years 1 to 6, respectively. The equipment cost exist218,000. What will the book value of this equipment be at the end of 3 years should you decide to resell the equipment at that point in time? Select one: exist58, 467.20 exist62, 784.00 exist42, 336.67 exist67, 670.40 exist38, 532.80

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