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Classic Cars is considering a project that requires $311,250 of fixed assets that are classified as five-year property for MACRS. What is the book value of these assets at the end of Year 3? The MACRS allowance percentages are as follows, commencing with Year 1: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

$93,450

$144,504

$153,742

$136,811

$89,640

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92395261

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