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A furniture manufacturer buys special new manufacturing equipment for 1.8 M$ that has an estimated...

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Accounting

A furniture manufacturer buys special new manufacturing equipment for 1.8 M$ that has an estimated salvage value of 0.3 M$ (M is mega-). If the useful life for tax purposes is 7 years, find the book value at the end of 4 years for MACRS depreciation.

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