Calculate the end-of-the-year book value of year

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MACRS 7-year property A piece of newly purchased industrial equipment costs Medley Corp. $1,070,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 9.7 of the textbook. The relevant tax rate is 35 percent. Calculate the end-of-the-year book value of Year 4 for this equipment.

Reference no: EM131562489

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