The book value of an asset that is listed as a 10-year MACRS property is...
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Accounting
The book value of an asset that is listed as a 10-year MACRS property is $49,500 after the first year. If the assets estimated salvage (market) value is $5000 after its 15-year useful life, what was the assets original cost basis? Question 2 options: A) $52,105 B) $50,000 C) $61,875 D) $55,000
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