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Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $29,000. What will the accumulated depreciation be at the end

Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $29,000. What will the accumulated depreciation be at the end of year three? MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% $24,447 $15,080 $20,648 $5,800 $3,341

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