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You just purchased some equipment that is classified as 5-year property for MACRS. The equipment cost $163,000. What will the book value of this equipment be at the end of 4 years should you decide to resell the equipment at that point in time? Do not include the $ sign, and round it to a whole dollar.

MACRS 5-year property

Year Rate

1 20.00%

2 32.00%

3 19.20%

4 11.52%

5 11.52%

6 5.76%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92087027

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