4. Lefty's just purchased some equipment that is classified as 7-year property for MACRS. The equipment...
4.
Lefty's just purchased some equipment that is classified as 7-year property for MACRS. The equipment cost $67,600. The MACRS table values are .1429, .2449, .1749, .1249, and .0893, for Years 1 to 5, respectively. What will the book value of this equipment be at the end of four years?
$7,040.00
$15,081.56
$21,118.24
$8,443.24
$6,036.68
Homework Answers
Book value of equipment at end of four years=Cost-Accumulated Depreciation
=$67600(1-0.1429-0.2449-0.1749-0.1249)
=$67600*0.3124
which is equal to
=$21,118.24
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