Question
Company ABC has just purchased equipment at a cost of $12million. The equipment will be depreciation using a MACRS schedule - shown below. What depreciation
Company ABC has just purchased equipment at a cost of $12million. The equipment will be depreciation using a MACRS schedule - shown below. What depreciation expense will the company report for the equipment in year 4?
| Year | Depreciation Rate |
| 1 | 20% |
| 2 | 32% |
| 3 | 19% |
| 4 | 18% |
Enter your answer as a whole dollar amount (no decimals). Do not enter dollar signs or commas. Do not enter the value in millions.
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The Oxford Handbook Of Entrepreneurial Finance
Authors: Douglas Cumming
1st Edition
0195391241, 978-0195391244
