Question
A tractor costing $80,000 is depreciated using MACRS. The tractor qualifies as a three-year property and has a scrap value of $20,000. The depreciation rates
A tractor costing $80,000 is depreciated using MACRS. The tractor qualifies as a three-year property and has a scrap value of $20,000. The depreciation rates are:
Year 1:33.33%Year 2:44.45%Year 3:14.81%Year 4:7.41%
What is the depreciation expense for Year 2?
$44,450
$35,560
$26,670
$20,000
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Essentials Of Accounting
Authors: Leslie Breitner, Robert Anthony
11th Edition
0132744376, 978-0132744379
