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Title: A tractor costing $180,000 is depreciated using MACRS. The tractor qualifies as a 3-year property, ... Post by: upton on Jun 6, 2017 A tractor costing $180,000 is depreciated using MACRS. The tractor qualifies as a 3-year property, and has a scrap value of $20,000. The depreciation rates are:
Year 1: 33.00% Year 2: 45.00% Year 3: 15.00% Year 4: 7.00% What is the depreciation expense for year 3? A) $27,000 B) $23,696 C) $26,670 D) $35,560 Title: Re: A tractor costing $180,000 is depreciated using MACRS. The tractor qualifies as a 3-year ... Post by: Ompa on Jun 6, 2017 Content hidden
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