Multiple Choice
You just purchased $218,000 of equipment that is classified as five-year MACRS property. The MACRS rates are .2, .32, .192, .1152, .1152, and .0576 for Years 1 to 6, respectively. What will be the book value of this equipment at the end of three years assuming no bonus depreciation is taken?
A) $58,467
B) $62,784
C) $159,533
D) $67,670
E) $155,216
Correct Answer:
Verified
Correct Answer:
Verified
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