Lefty's just purchased some equipment that is classified as 7-year property for MACRS. The equipment cost $67,600. The MACRS table values are .1429, .2449, .1749, .1249, and .0893, for Years 1 to 5, respectively. What will the book value of this equipment be at the end of four years?

Answer rating: 100% (QA)

to calculate the book value of Leftys equipment at the end of four years using MACRS depreci... View the full answer