An asset with a purchase price of $501,013 falls in the 3-year MACRS asset class.  The asset will be sold at the end of a three year project for $180,745.  What is the book value of the asset at the end of the project? Round your answer to the nearest dollar. Year Depreciable Allowance 1 33% 2 45 3 15 4 7

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter11: Long-term Assets
Section: Chapter Questions
Problem 8PA: Referring to PA7 where Kenzie Company purchased a 3-D printer for $450,000, consider how the...
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An asset with a purchase price of $501,013 falls in the 3-year MACRS asset class.  The asset will be sold at the end of a three year project for $180,745.  What is the book value of the asset at the end of the project? Round your answer to the nearest dollar.

Year Depreciable Allowance
1 33%
2 45
3 15
4 7
 
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