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A firm purchases a new work cell for $269,816.00. The asset will be depreciated using a...

A firm purchases a new work cell for $269,816.00. The asset will be depreciated using a 3-year MACRS schedule. What is the book value of the asset after the third year? (Assume that there is no depreciation allowed at year 0)

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Answer #1

Book value after the third year = $19,993.37| 269816-(269816*(0.3333+0.4445+0.1481))

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