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McCanless Company recently purchased an asset for $2,100,000 that will be used in a 3 -year project. The asset is in the 4-year MACRS class.

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McCanless Company recently purchased an asset for $2,100,000 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? $933,450$699,930$155,610$311,010$700,000

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