Data,IncPurchased Some Fixed Assets 4 Years Ago at a Cost

question 68

Multiple Choice

Data,Inc.purchased some fixed assets 4 years ago at a cost of $21,650 and is selling them today at a price of $4,500.The assets are classified as 5-year property for MACRS.The MACRS table values are 0.2000,0.3200,0.1920,0.1152,0.1152,and 0.0576 for Years 1 to 6,respectively.What is the current book value of these assets?

• A)$1,247.04
• B)$3,741.12
• C)$6,309.19
• D)$4,016.67
• E)$8,420.02

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Definitions:

Work-simulation

An assessment or training method that imitates a real job environment and tasks, used to evaluate performance or prepare individuals for specific job roles.

Apprenticeship

A system of training a new generation of practitioners of a trade or profession with on-the-job training and often some accompanying study.

External Recruiting

The process of seeking new employees from outside the organization through advertisements, job fairs, or other public postings.

Ripple Effect

The continuing and spreading results of an event or action, affecting areas or people not directly involved in the initial event.