Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 3 years? Year MACRS Rate 1 20.0 % 2 32.0 % 3 19.2 % 4 11.52 % 11.52 % book value =[?]
Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 3 years? Year MACRS Rate 1 20.0 % 2 32.0 % 3 19.2 % 4 11.52 % 11.52 % book value =[?]
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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![Using the MACRS rates from the following table,
what is the book value of a $3,500 computer after 3
years?
Year MACRS Rate
1
20.0 %
2
32.0 %
3
19.2 %
4
11.52 %
5
11.52 %
book value =[?]
Round to the nearest hundredth.
Enter
022 International Academy of Science. All Rights Reserved.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F657b0f2c-505d-4f01-9591-bc88ec786b35%2F3ee0a9ee-f98f-4b9a-b21e-fe4382c517f5%2Fafnt5h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Using the MACRS rates from the following table,
what is the book value of a $3,500 computer after 3
years?
Year MACRS Rate
1
20.0 %
2
32.0 %
3
19.2 %
4
11.52 %
5
11.52 %
book value =[?]
Round to the nearest hundredth.
Enter
022 International Academy of Science. All Rights Reserved.
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