morris motors just purchased some macrs 5-year, Finance Basics

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morris motors just purchased some macrs 5-year

Morris Motors just purchased some MACRS 5-year property at a cost of $216,000. Which one of the following will correctly give you the book value of this equipment at the end of year 2?

MACRS 5 year property

YEAR RATE
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%

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Finance Basics: morris motors just purchased some macrs 5-year

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Finance Basics: morris motors just purchased some macrs 5-year

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