You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $67,600.

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You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $67,600. 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 20.00% 2 32.00% 3 19.20% 11.52% 11.52% 5.76%

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Intermediate accounting

ISBN: 978-0077647094

7th edition

Authors: J. David Spiceland, James Sepe, Mark Nelson

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Question Posted: Feb 01, 2018 07:43 AM

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You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $67,600.

Question:

MACRS 5-year property Year Rate 20.00% 2 32.00% 3 19.20% 11.52% 11.52% 5.76%

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Book value of property at the end ...View the full answer

Intermediate accounting

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