Find the First Year's Depreciation Using the MACRS Method of Depreciation

question 65

Multiple Choice

Find the first year's depreciation using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.
-Cost: $296,500
Period: 7-year

• A)$42,370
• B)$59,300
• C)$72,613
• D)$29,650

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