Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. ut exposures photographic just purchased $945,000

UT Exposures Photographic just purchased $945,000 of fixed assets that are classified as 5-year MACRS...

50.1K

Verified Solution

Question

Finance

image

UT Exposures Photographic just purchased $945,000 of fixed assets that are classified as 5-year MACRS property. The MACRS rates are 2000, 3200, 1920, 1152, 1152, and 0576 for Years 1 to 4, respectively. What will be the amount of the depreciation expense for Year 3? Ignore bonus depreciation. 5 points Multiple Choice $84.389 $108,864 O $181,440 O O $165,281 O $139,955

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students