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McCanless Co. recently purchased an asset for $2,750.000 that will be used in a 3 year project. The asset is in the 4-year MACRS dlass.
McCanless Co. recently purchased an asset for $2,750.000 that will be used in a 3 year project. The asset is in the 4-year MACRS dlass. 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 O s1,222.375 O $916,667 O $203? O S916,575 o $407,275
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