The Price of a Railroad Engine Purchased by the Kenneth

question 24

Multiple Choice

The price of a railroad engine purchased by the Kenneth family for their business was $2,250. Prepare a depreciation schedule using the MACRS (Modified Accelerated Cost Recovery System) method and calculate the accumulated depreciation at the end of year 3. (Round all amounts to the nearest cent)

• A) $393.53
• B) $432.00
• C) $258.12
• D) $518.96

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