McCanless Co. recently purchased an asset for $2,100,000 that will be used in a 3-year project. The asset is in the 3-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?

rev: 11_24_2020_QC_CS-241927

Multiple Choice

• $155,610

• $933,450

• $699,930

• $311,010

• $700,000