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Sun lees furniture just purchased some fixed assets

Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for Modified Accelerated Cost Recovery System (MACRS). The assets cost $24,000. What is the amount of depreciation expense for the third year?

MACRS 5-Year property

Year Rate
1 20.00%
2 32.00%
3 19.20%
4 11.52%
5 11.52%
6 5.76%

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Finance Basics: Sun lees furniture just purchased some fixed assets

Reference No:- TGS0915248

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Finance Basics: Sun lees furniture just purchased some fixed assets

Reference No:- TGS0915248

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