QUESTION 19 P.A. Petroleum just purchased some equipment at a cost of $67,000. The equipment is classified as MACRS 5-year property. The MACRS rates are .2, 32, 192, 1152, 1152, and .0576 for years 1 to 6, respectively. What is the proper methodology for computing the depreciation expense for Year 2? $67,000 (1 - 20) X.32 $67,000 X(1 + .32) $67,000 (1-32) $67,000 X.32 $67,000/(1 - 20 - 32) QUESTION 20 Dependable Motors just purchased some MACRS 5-year property at a cost of $216,000. The MACRS rates are 2, 32, and 192 for years 1 to 3, respectively. Which one of the following will correctly give you the book value of this equipment at the end of year 2? [$216,000 (1 - 20) (1 - 32) $216,000 X(1 -.2 -.32) $216,000 / [(1 +.20)(1 + .32)] $216,000/(1+2+ 32) a $216,000 (20+32)