Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 2 years? Year MACRS Rate 1 20.0 % 2 32.0% 3 19.2 % 11.52% 11.52 % book value = [?] Round to the nearest hundredth. 45

Corporate Fin Focused Approach
5th Edition
ISBN:9781285660516
Author:EHRHARDT
Publisher:EHRHARDT
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 35SP
icon
Related questions
Question

using the macrs rates from the following table, what is the book value of a $3500 computer after 2 years?

anc X A Acellus-The Science of Learning x +
acellus.com/Student
d Accelerated Cost Recovery System
Functions/Interface/acellus_engine.html?ClassID=258315677
Using the MACRS rates from the following table,
what is the book value of a $3,500 computer after 2
years?
Year MACRS Rate
20.0 %
2
32.0 %
3
19.2 %
4
11.52 %
5
11.52 %
book value = [?]
Round to the nearest hundredth.
right © 2003-2022 International Academy of Science. All Rights Reserved.
hp
Enter
Transcribed Image Text:anc X A Acellus-The Science of Learning x + acellus.com/Student d Accelerated Cost Recovery System Functions/Interface/acellus_engine.html?ClassID=258315677 Using the MACRS rates from the following table, what is the book value of a $3,500 computer after 2 years? Year MACRS Rate 20.0 % 2 32.0 % 3 19.2 % 4 11.52 % 5 11.52 % book value = [?] Round to the nearest hundredth. right © 2003-2022 International Academy of Science. All Rights Reserved. hp Enter
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Future Value
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Corporate Fin Focused Approach
Corporate Fin Focused Approach
Finance
ISBN:
9781285660516
Author:
EHRHARDT
Publisher:
Cengage