The Rice Growers Cooperative paid $2,800,000 to build a new rice-drying plant. The ...

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Accounting

The Rice Growers Cooperative paid $2,800,000 to build a new rice-drying plant. The
recovery period is 39 years. Use the MACRS method of depreciation to find the book
value of the rice-drying plant at the end of the fifth year.
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