You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $67,600. What will the book value of this equipment be at the end of three years should you decide to resell the equipment at that point in time?
A) $19,468.80
B) $20,280.20
C) $27,040.00
D) $48,131.20
E) $48,672.00
Correct Answer:
Verified
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