Book value at the end of year two will be closest

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Reference no: EM13878047

An asset with a first cost of $50,000 is depreciated by the MACRS method over a five-year period. If the asset will have $20,000 salvage value, its book value at the end of year two will be closest to:

A) $10,000

B) $16,0000

C) $24,000

D) $30,000

Reference no: EM13878047

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