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A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost $2,000,000. Use Tables 11-2 and 11-3 in
A large profitable corporation purchased a small jet plane for use by the firm's engineers. The plane cost $2,000,000. Use Tables 11-2 and 11-3 in the text or slides. Compute the depreciation for year 2 using MACRS. \begin{tabular}{r} $640,000 \\ \hline$591,379 \\ $89,000 \\ $489,800 \end{tabular}
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