Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $28,000....
Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $28,000. What will the accumulated depreciation be at the end of year three? MACRS 5-year property Year Rate
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%
Homework Answers
accumulated depreciation is equal to=$28000*(0.2+0.32+0.192)
which is equal to
=$19936.
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Bernie's Beverages purchased some fixed assets classified as
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