Business, 12.01.2021 18:30 tayshawngooch

Use the table below to answer this question. MACRS 5-year property
Year Rate
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%
Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for MACRS. The assets cost $39,000. What is the amount of the depreciation expense for the third year?
a) $7,488
b) $12,480
c) $6,240
d) $3,744
e) $4,493

Answers: 2

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Use the table below to answer this question. MACRS 5-year property
Year Rate
1 20.00%

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