Question

Bet‘r Bilt Toys just purchased some MACRS 5-year property at a cost of $230,000. Which of...

Bet‘r Bilt Toys just purchased some MACRS 5-year property at a cost of $230,000.
Which of the following will correctly give you the book value of this equipment at the end of year 2?
I. 52% of the asset cost
II. 48% of the asset cost
III. 68% of 80% of the asset cost
IV. the asset cost, minus 20% of the asset cost, minus 32% of 80% of the asset cost

II only
III and IV only
I and III only
II and IV only
I, II, III, and IV
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