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Co. bought an asset for $2,650,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The depreciation percentage
Co. bought an asset for $2,650,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
a.) $883,245
b.) $1,177,925
c.) $392,465
d.) $196,365
e.) $883,333
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