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Challa Corporation just purchased $40,000 of fixed assets that are classified as 5 -year MACRS...

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Accounting

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Challa Corporation just purchased $40,000 of fixed assets that are classified as 5 -year MACRS property. The MACRS rates are 20 percent, 32 percent, 19.2 percent, 11.52 bercent, 11.52 percent, and 5.76 percent for Years 1 to 6 , respectlvely. What Is the amount of the depreciation expense for the fourth year if the firm applies the new bonus nethod of depreciation? Multiple Choice $2,304 $7,680 $4,608 $0 $8,000

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