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FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Using the MACRS rates from the following table,
what is the book value of a $2,500 computer after 2
years?
Year MACRS Rate
1
20.0 %
32.0 %
19.2 %
11.52 %
11.52 %
book value = [?]
Round to the nearest hundredth.
Enter
2003 - 2022 International Academy of Science. All Rights Reserved.
FS
F6
F8
F9 F10
Transcribed Image Text:Using the MACRS rates from the following table, what is the book value of a $2,500 computer after 2 years? Year MACRS Rate 1 20.0 % 32.0 % 19.2 % 11.52 % 11.52 % book value = [?] Round to the nearest hundredth. Enter 2003 - 2022 International Academy of Science. All Rights Reserved. FS F6 F8 F9 F10
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