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Determine what is the current book value of the equipment

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Reference no: EM132471967

Question 1: ABC Company purchased a 3-year MACRS property for $52,627 3 years ago. What is the current book value of this equipment?

Point 1: The MACRS allowance percentages are as follows, starting with year one: 33.33, 44.45, 14.81, and 7.41 percent.

Reference no: EM132471967

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