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20. McCanless Company recently purchased an asset for $2,550,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class.

20. McCanless Company recently purchased an asset for $2,550,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?

$188,955

$850,000

$1,133,475

$849,915

$377,655

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