Your company bought a new machine for $39,000. The machine falls into the 7-year MACRS category: Year Depreciation rate 1 14.29% 2 24.49% 3 17.49% 4 12.49% 5 8.93% 6 8.92% 7 8.93% 8 4.46% What is the allowed amount of depreciation for year 3? What is the allowed amount of depreciation for year 3?
Added by Daniel Y.
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49%. Depreciation for year 3 = $39,000 * 17.49% = $6,820.50 Show more…
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