McCanless Co. recently purchased an asset for $2,200,000 that will be used in a 3-year...
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McCanless Co. recently purchased an asset for $2,200,000 that will be used in a 3-year project. The asset is in the 3-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
$325,820
$163,020
$733,333
$733,260
$977,900
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