Your accounting records indicate that an asset in use has a book value – McqOptions

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1.	Your accounting records indicate that an asset in use has a book value of $8,640. The asset cost $30,000 when it was purchased, and it has been depreciated under the 5 MACRS method. Based on the information available, determine how many years the asset has beenin service.
A.	5 years
B.	6 years
C.	4 years
D.	3 years
Answer» E.

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