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QUESTION 1 10 points Save Answer A company buys $60,656 of computers. What is the Book Value for this asset at the end of yea

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Answer #1

Computers are the 5 year class property under MACRS deprecation (half year convention).

Initial value = $60656

So,

Book value at the end of 4 years =  60656*(1 - (20% + 32% + 19.2% + 11.52%))

Book value at the end of 4 years = $10481.36

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