ABC purchased $38270 of equipment 2 years ago. The equipment is7-year MACRS property. What is the current book value of theequipment?
The MACRS allowance percentages are as follows, starting with Year1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46percent.
Enter your answer rounded off to two decimal points. Do notenter $ or comma in the answer box. For example, if your answer is$12.345 then enter as 12.35 in the answer box.
