Find the Book Value Using the MACRS Method of Depreciation

question 59

Multiple Choice

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.
-Cost: $167,000
Recovery Period: 7-year
After: Fourth year

• A)$76,954
• B)$48,096
• C)$20,858
• D)$52,171

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Definitions:

Median

The middle value in a sorted list of numbers, dividing the data into two halves.

Mode

The value that appears most frequently in a dataset.

Sample Mean

The average value of a sample set of numbers, calculated by adding all the observations and dividing by the number of observations.

Observations

Data points or values recorded during an experiment or study.