Question: A construction company purchases an excavator for ( $ 2 4 0 , 0 0 0 ) . This is classified in

A construction company purchases an excavator for \(\$ 240,000\). This is classified in the 5-year property class using MACRS-GDS. What would be the depreciation allowance and book value at the end of years 2 and 5 using MACRS?
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Depreciation allowance at the end of year 2: \$ \$
Book value at the end of year 2 :
\$
Depreciation allowance at the end of year 5:
\$
Book value at the end of year 5:
\$
Carry all interim calculations to 5 decimal places and then round your final answers to a whole number. The tolerance is \(\pm 5\).
A construction company purchases an excavator for

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