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

question 62

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: $8,760
Period: 5-year

• A)$1,252
• B)$1,752
• C)$2,920
• D)$3,894

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Definitions:

Setters

Positions or roles in various games or activities that involve organizing or preparing something for use, specifically referring to a key player in volleyball responsible for setting the ball for attacks.

Assists

In various contexts, this term refers to the action of helping or supporting.

Days Absent

The number of days an individual is not present at their scheduled location, often used in contexts like school or work attendance records.

Standard Deviation

A benchmark for the level of variation or the dispersion rate within a cluster of data.