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McCanless company recently purchased an asset for $2,550,000 that will be used in a 3 year project. The asset is in the 3 year MACRS
McCanless company recently purchased an asset for $2,550,000 that will be used in a 3 year project. The asset is in the 3 year MACRS class. the depreciation 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?
A. $377,655
B. $850,000
C. $188,955
D. $1,133,475
E. $849,915
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