You just purchased some equipment that is classified as 5-year property for MACRS. The equipment...
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Finance
You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $79,000. What will the book value of this equipment be at the end of two years should you decide to resell the equipment at that point in time? MACRS 5-year Property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76%
Group of answer choices
$56,248
$41,080
$37,920
$5,056
$22,752
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