Question: Data, Inc. purchased some fixed assets five years ago at a cost of $19,800. It no longer needs these assets, so it is going to

Data, Inc. purchased some fixed assets five years ago at a cost of $19,800. It no longer needs these assets, so it is going to sell them today at a price of $3,500. The assets are classified as 5-year property for MACRS. The MACRS table values are 0.2000, 0.3200, 0.1920, 0.1152, 0.1152, and 0.0576 for Years 1 to 6, respectively. The current book value of the assets is $ ___________________. (Please round your answer to two decimal places)

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