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Calculate the book value of the asset as of the year

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Problem 1: Champion Toys just purchased some MACRS 5 year property at the cost of $230000. The MACRS rates are 20%, 32%,19.2%,11.52%,11.52%, and 5.76% for years 1 to 6, respectively. Assuming the firm foregoes all bonus depreciation, the book value of the asset as of the year 2 can be calculated as

Reference no: EM132483969

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