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can you please explain how the answer is $480 am i using this chart? please show work QUESTION Coastal Industries purchased a computer, which is
can you please explain how the answer is $480
QUESTION Coastal Industries purchased a computer, which is a 5 year asset under MACRS, for $2,400. What is first year depreciation? Year 1 2 Totals Cost $40,000 40,000 40,000 40,000 40,000 40,000 Percentages (from Table 4.2) 20% 32 19 12 12 S 100% Depreciation $40,000 x 20% = $ 8,000 $40,000 x 32% $12,800 $40,000 x 19% = $ 7,600 $40,000 x 12%= $ 4,800 $ 4,800 $40,000 x 12% $40,000 x 5% = $. 2,000 $40,000 am i using this chart? please show work
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