TWIZZ Company purchased a 3-year MACRS property for $12486 2 years ago. What is the current...
TWIZZ Company purchased a 3-year MACRS property for $12486 2
years ago. What is the current book value of this equipment?
The MACRS allowance percentages are as follows, starting with year
one: 33.33, 44.45, 14.81, and 7.41 percent.
Homework Answers
Book value of equipment=Cost-Accumulated Depreciation
=$12486(1-0.3333-0.4445)
which is equal to
=$2774.3892
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TWIZZ Company purchased a 3-year MACRS property for $12486 2
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