Question $11$

$($Estimated time allowance: $4$ minutes$)$ Compute the remaining book value $($RBV$)$ of an

equipment at end of year $6.$ The equipment costs $$8,000,000$ today. The equipment is considered

for tax purposes as a $7-$year MACRS class. The MACRS table is provided in excel in this problem,

just click here

For your answer round to nearest dollar, do not use commas to separate thousands, do not use the $

sign.

Answer:

$(1,070,400)$

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