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Home Q & A Board Other Fields Homework Help Business Accounting
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upton upton
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6 years ago
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
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
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OmpaOmpa
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6 years ago
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