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Book value
Question 1: Find the book value for the asset shown in the accompanying? table, assuming that MACRS depreciation is being used
Asset: A
Installed cost: 828,000
Recovery Years: 5
Elapsed time since purchase : 3
?(years)
Question 2: What is the remaining book value is ?$ ?(Round to the nearest? dollar.)
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Purchased raw materials at a cost of $45,000 and general factory supplies at a cost of $13,000 on account (recorded materials and supplies in the materials account).
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