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A company purchased an asset for $3,450,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, and 14.81 percent, respectively. What is the book value of the equipment at the end of the project?

Respuesta :

cancinodavidq

Answer:

The book value of the equipment at the end of the project is $255,645

Explanation:

According to the exercise, the Book value at end of project=Cost-Accumulated Depreciation

=3,450,000*(1-0.3333-0.4445-0.1481)

=3,450,000*0.0741

which is equal to  $255,645

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