Question
MACRS 5-year property Year Rate 1 20.00% 2 32.00% 3 19.20% 4 11.52% 5 11.52% 6 5.76% Sun Lee's Furniture just purchased some fixed assets
| MACRS 5-year property | |
| Year | Rate |
| 1 | 20.00% |
| 2 | 32.00% |
| 3 | 19.20% |
| 4 | 11.52% |
| 5 | 11.52% |
| 6 | 5.76% |
| Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for MACRS. The assets cost $30,000. What is the amount of the depreciation expense for the fourth year? |
$1,728
$3,456
$3,000
$6,000
$5,760
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Finance And Sustainability
Authors: Karolina Daszyńska-Żygadło, Agnieszka Bem, Bożena Ryszawska, Erika Jáki, Taťána Hajdíková
1st Edition
