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RP&A, IncPurchased Some Fixed Assets Four Years Ago at a Cost

question 43

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RP&A, Inc.purchased some fixed assets four years ago at a cost of $19,800.It no longer needs these assets so is going to sell them today at a price of $3,500.The assets are classified as 5-year property for MACRS.What is the current book value of these assets?  MACRS 5-year property \text { MACRS 5-year property }
 Year  Rate 120.00%232.00%319.20%411.52%511.52%65.76%\begin{array}{ll}\underline{\text { Year }} & \underline{\text { Rate }} \\ 1 & 20.00 \% \\2 & 32.00 \% \\3 & 19.20 \% \\4 & 11.52 \% \\5 & 11.52 \% \\6 & 5.76 \%\end{array}


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Participation

The act of taking part in an activity or event, often implying active involvement or engagement.

Hierarchical Thinking

A cognitive process that involves organizing concepts or systems in a structured order of ranking or levels of importance.

Deferring Responsibility

The act of postponing or shifting duties and tasks onto someone else, often to avoid accountability.

Acquire Power

The process of gaining authority or influence over others, often through strategic actions, skills, or the accumulation of resources.

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