A tractor costing $160,000 is depreciated using MACRS. The tractor qualifies as a 3-year property, and has a scrap value of $19,000. The depreciation rates are: 
What is the depreciation expense for year 3?
A) $24,000
B) $31,020
C) $35,200
D) $21,150
Correct Answer:
Verified
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