The Peabody Company has 7 year MACRS property with an original cost basis of $1,700,000. Calculate the ending book value at Year 4. Year MACRS% Depreciation Ending book value 1 14.29 % .1429 × $ 1,700,000 = $ 242,930 $ 1,457,070 2 24.49 .2449 × 1,700,000 = 416,330 $ 1,040,740 3 17.49 .1749 × 1,700,000 = 297,330 743,410 4 12.49 ? ?

During the month of march 2017, weimar world, a tax-preparation service, had the following transactions. * billed $496,000 in revenues on credit * received $164,000 from customers' accounts receivable * incurred expenses of $194,000 but only paid $87,700 cash for these expenses * prepaid $32,220 for computer services to be used next month what was the company's accrual basis net income for the month? select one: a. $302,000 b. $264,080 c. $ 41,860 d. $408,300 e. none of the above