Find the Book Value Using the MACRS Method of Depreciation

question 78

Multiple Choice

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.
-Cost: $35,000
Recovery Period: 5-year
After: First Year

• A)$23,335
• B)$23,800
• C)$29,999
• D)$28,000

---

Definitions:

Achievers

Individuals who are highly motivated by competition and the attainment of goals, often striving for high levels of success in their personal and professional lives.

Primary Motivation

The fundamental reason or driving force behind an individual's actions or behavior.

Resources

Assets, materials, staff, and other supplies available to an individual, company, or society that can be used to function effectively.

Lifestyle

The way in which a person or group lives, including patterns of social relations, consumption, entertainment, and dress.