Your firm is considering a project that requires 2 000 000

Last updated: 7/17/2023

Your firm is considering a project that requires 2 000 000 of fixed assets that are classified as 7 year property for MACRS What is the book value of these assets at the end of year 6 with the following depreciation rates Year Percent 1 2 14 29 24 49 3 17 49 4 12 49 5 6 8 93 8 93 7 8 93 8 4 45