Under MACRS, an asset which originally cost $10,000 is being depreciated by using a 5 year...
Under MACRS, an asset which originally cost $10,000 is being depreciated by using a 5 year normal recovery period. what is the depreciation expense in year 3?
I need to learn steps with BA ll plus calculator if needed.
Homework Answers
Depreciation MACRS 5 year rate in year 3 = 19.20%
Depreciation expense in year 3 = Initial Cost * MARCS rate =
10000*19.20% = 1920
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