Reversing Rapids Co. purchases an asset for $159,178. This asset qualifies as a five-year recovery asset under MACRS. Th

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answerhappygod
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Reversing Rapids Co. purchases an asset for $159,178. This asset qualifies as a five-year recovery asset under MACRS. Th

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Reversing Rapids Co. purchases an asset for $159,178. This assetqualifies as a five-year recovery asset under MACRS. The five-yearexpense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%,19.20%, and 11.52% respectively. Reversing Rapids has a tax rate of30%. The asset is sold at the end of year 4 for $13,404. Calculateaccumulated depreciation over 4 years. Round the answer to twodecimals.
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