Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for MACRS.The assets cost $24,000.What is the amount of the depreciation expense for the third year? $$\begin{array}{l}
\text { MACRS 5-year property }\
\begin{array} { l r }
\underline{\text { Year }} &\underline{ \text { Rate } }\
1 & 20.00 \% \
2 & 32.00 \% \
3 & 19.20 \% \
4 & 11.52 \% \
5 & 11.52 \% \
6 & 5.76 \%
\end{array}
\end{array}$$

Question

Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for MACRS.The assets cost $24,000.What is the amount of the depreciation expense for the third year? $$\begin{array}{l}
\text { MACRS 5-year property }\
\begin{array} { l r } 
\underline{\text { Year }} &\underline{ \text { Rate } }\
 1 & 20.00 \% \
2 & 32.00 \% \
3 & 19.20 \% \
4 & 11.52 \% \
5 & 11.52 \% \
6 & 5.76 \%
\end{array}
\end{array}$$

Quizplus · Accepted Answer

The Answer of Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for MACRS.The assets cost $24,000.What is the amount of the depreciation expense for the third year? $$\begin{array}{l}
\text { MACRS 5-year property }\
\begin{array} { l r } 
\underline{\text { Year }} &\underline{ \text { Rate } }\
 1 & 20.00 \% \
2 & 32.00 \% \
3 & 19.20 \% \
4 & 11.52 \% \
5 & 11.52 \% \
6 & 5.76 \%
\end{array}
\end{array}$$

Sun Lee's Furniture Just Purchased Some Fixed Assets Classified as 5-Year