QUESTION 11 0.5 points Sav Answer ABC corporation just purchased somc fixed asscts that are classificd as 3-ycar propcrty for MACRS. The asscts cost S10,600. What is the amount of the depreciation expense in year 3? MACRS 3-year property YearRat 33.33% 44.45% 14.81% 7.41% 2 $537.52 $1,347.17 $1,569.86 $1,929.11 QUESTION 12 0.5 points Sav Answer Ely Corporation is considering replacing the cquipment it uscs to producc crayons. The cquipment would cost $1.37 million, have a 12-ycar life, and lower manufacturing costs by an estimated S310,000 a year. The equipment will be depreciated using straight-line depreciation to a book value of zero. The rcquircd ratc of rcturn is 15 pcrccnt and thc tax ratc is 35 pcrcent. What is the nct incomc from this proposcd projcct? 2 $18,508.75 $40,211.24 $66,441.67 $127,291.67