Suppose a firm bought a new machine for $30,000 that will be depreciated using MACRS...
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Accounting
Suppose a firm bought a new machine for $30,000 that will be depreciated using MACRS depreciation schedule for a 5-year recovery period (see the schedule below). Calculate the remaining book value at the end of year 3. Year MACRS(%) 1 20.00 2 32.00 3 19.20 4 11.52 5 11.52 6 5.76
Group of answer choices a. $1,728 b. $8,640 c. $23,088 d. $21,360
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