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Peterborough Trucking just purchased some fixed assets that are classified as 3-year property for MACRS. MACRS 3 Year Property Year 1 33.33% 2 44.45% 3

Peterborough Trucking just purchased some fixed assets that are classified as 3-year property for MACRS.

MACRS 3 Year Property

Year

1 33.33%

2 44.45%

3 14.81%

4 7.41%

The assets cost $10,600. What is the amount of the depreciation expense in year 3?

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