An asset with a first cost of 50000 is depreciated by the
An asset with a first cost of $50,000 is depreciated by the MACRS method over a five-year period. If the asset will have $20,000 salvage value, its book value at the end of year two will be closest to:
A) $10,000
B) $16,0000
C) $24,000
D) $30,000
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