Funck's Frisbees Inc. purchased equipment 4 years ago at a cost of $29 million.
The company has depreciated the equipment according to the MACS schedule:
Year Depreciation Rate
1 20%
2 32%
3 19%
4 17%
What is the equipment's remaining book value? Enter your answer as a whole dollar (no decimal). Do not enter commas or the dollar sign. Enter the full numeric value ... do not enter the value in millions