Question: A project you are evaluating involves the purchase of a piece of equipment at an up-front cost of IDR 1,483,838. The project will go on

A project you are evaluating involves the purchase of a piece of equipment at an up-front cost of IDR 1,483,838. The project will go on for 10 years. The depreciation rate allowed for tax purposes is 8% per year. What will the non-depreciated balance (tax basis) be halfway through the project's life?

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