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Question: A project requires $360,566 of equipment that is classified as 7-year property. What is the book value of this asset at the end of year 5 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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