Question
A project requires $280,000 of equipment that is classified as 7-year property. What is the depreciation expense in year 4 given the following MACRS depreciation
A project requires $280,000 of equipment that is classified as 7-year property. What is the depreciation expense in year 4 given the following MACRS depreciation allowance percentages?
year 1: 14.29
2: 24.49
3: 17.49
4: 12.49
5: 8.93
6: 8.93
7: 8.93
8: 4.45
the answer: $34,972
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Financial Institutions Management
Authors: Anthony Saunders
3rd Edition
007303259X, 978-0073032597
