An asset is in the MACRS 5-year property class and is being depreciated using the...
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Accounting
An asset is in the MACRS 5-year property class and is being depreciated using the MACRS tables. The tax rate is 30%. The depreciation deduction for this asset in year 2 totaled $12,800. Calculate the depreciation deduction for this asset in year 4. You will need to use the percentages from the MACRS tables posted in carmen to answer this question. To access these percentages, click modules and then scroll to weeks 13 & 14. Click on the link labeled MACRS table percentages.
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