Fast cars is considering a project that requires 138000 of, Financial Accounting

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Fast cars is considering a project that requires 138000 of

Fast Cars is considering a project that requires $138,000 of fixed assets that are classified as 5-year property for MACRS. What is the book value of these assets at the end of year 3? The MACRS allowance percentages are as follows, commencing with year one: 20.00, 32.00, 19.20, 11.52, 11.52, and 5.76 percent.

a. $34,210

b. $36,667

c. $39,744

d. $40,450

e. $41,504

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