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Avis has a tax rate of 30 the asset is sold at the end of

Avis purchases an asset for $17972. This asset qualifies as a seven-year recovery asset under MACRS. The seven-year fixed depreciation percentages for years 1, 2, 3, 4, 5, and 6 are 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, and 8.93%, respectively. Avis has a tax rate of 30%. The asset is sold at the end of six years for $4645.

Calculate the book value of the asset.

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Finance Basics: Avis has a tax rate of 30 the asset is sold at the end of

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Finance Basics: Avis has a tax rate of 30 the asset is sold at the end of

Reference No:- TGS02278517

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