A. Toby wishes to obtain auto insurance. He wants 50/100/50 liability coverage, $250 deductible collision and full coverage comprehensive. He lives in territory 2 and has been assigned to driver class 3 with a rating factor of 2.95. Based on Tables 19-6 and 19-7 from your text, what would be his total premium, if his 2-year old car were in model class H?

a. $349.00

b. $805.35

c. $680.55

d. $1,029.55

B. A server computer purchased by Selectron, Inc. cost $1,483,400. Prepare a depreciation schedule using the MACRS (Modified Accelerated Cost Recovery System) method and calculate the accumulated depreciation at the end of year 3. (Round all amounts to the nearest cent)

a. $284,812.80

b. $890,040.00

c. $683,982.77

d. $1,056,180.80