Solution-What is the amount of depreciation expense for the

What is the amount of depreciation expense for the third yea

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Reference no: EM13661665

Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for Modified Accelerated Cost Recovery System (MACRS). The assets cost $24,000. What is the amount of depreciation expense for the third year?

MACRS 5-Year property

Year Rate
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%

Reference no: EM13661665

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What is the amount of depreciation expense for the third yea

Reference no: EM13661665

Reference no: EM13661665

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