Northern Lighting purchased some three-year MACRS property three years ago.What is the current book value of this equipment if the original cost was $385,000? The MACRS allowance percentages are as follows, commencing with Year 1: 33.33, 44.45, 14.81, and 7.41 percent.
A) $0
B) $57,037.75
C) $28,528.50
D) $85,547.00
E) $96,250.00
Correct Answer:
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