Suppose the Apple Company buys a boiler that costs $100,000. If the boiler is classified as a 3-year MACRS asset, the book value for tax purposes on this boiler at the end of the third year, given the MACRS rates:
is closest to:
A) $0.
B) $7,410.
C) $14,810.
D) $22,220.

Question

Suppose the Apple Company buys a boiler that costs $100,000. If the boiler is classified as a 3-year MACRS asset, the book value for tax purposes on this boiler at the end of the third year, given the MACRS rates:
 is closest to:
A) $0. 
B) $7,410. 
C) $14,810. 
D) $22,220.

Quizplus · Accepted Answer

The Answer of Suppose the Apple Company buys a boiler that costs $100,000. If the boiler is classified as a 3-year MACRS asset, the book value for tax purposes on this boiler at the end of the third year, given the MACRS rates:
 is closest to:
A) $0. 
B) $7,410. 
C) $14,810. 
D) $22,220.

Suppose the Apple Company Buys a Boiler That Costs $100,000