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undefined XY Company is planning to purchase 3 used trucks. Each truck will cost $18,000. The salvage value for each trock $4,000. Compute the total
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XY Company is planning to purchase 3 used trucks. Each truck will cost $18,000. The salvage value for each trock $4,000. Compute the total depreciation for each truck for the third year, using the modified accelerated cost recovery system (MACRS) method, if the recovery period is 5 years Percentage by recovery year Recovery year 3 years 7 years 1 33% 20% 14% 2 45 32 25 3 15 19 18 5 years 4 7 12 12 12 5 9 6 5 9 7 9 8 9 10 11 Totals 100% 100% 100% These percentages have been rounded to the nearest whole percent to simplify calculation ing realism. To calculate the actual depreciation for tax purposes, be sure to apply the act percentages or directly apply double-declining balance depreciation using the half-year co Select one: O o. 2,073.60 b. 3,456 O o. 12,780 O d. 5,760 O e. 1,036.80 Clear my choiceStep by Step Solution
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