Question: Steps please without excel if possible A construction company purchases an excavator for $230,000. This is classified in the 5-year property class using MACRS-GDS. What

Steps please without excel if possible

A construction company purchases an excavator for $230,000. 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? Click here to access the TVM Factor Table Calculator. Depreciation allowance at the end of year 2 : Book value at the end of year 2 : $ Depreciation allowance at the end of year 5

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