CATO,Incjust Purchased Some Fixed Assets at a Total Cost of $62,118

question 21

Multiple Choice

CATO,Inc.just purchased some fixed assets at a total cost of $62,118 that are classified as 3-year property for MACRS.The MACRS table values are .3333,.4445,.1481,and .0741 for Years 1 to 4,respectively.What is the amount of the depreciation expense for Year 3?

• A)$9,199.68
• B)$4,602.94
• C)$4,261.87
• D)$8,044.36
• E)$9,477.63

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