What is the second-year depreciation of a rent-to-own property that originally cost $250,000 and has a salvage value of $25,000? Use the MACRS method.
A) $3,702.50
B) $11,112.50
C) $37,025
D) $111,125

Question

What is the second-year depreciation of a rent-to-own property that originally cost $250,000 and has a salvage value of $25,000? Use the MACRS method. 
A) $3,702.50 
B) $11,112.50 
C) $37,025 
D) $111,125

Quizplus · Accepted Answer

The Answer of What is the second-year depreciation of a rent-to-own property that originally cost $250,000 and has a salvage value of $25,000? Use the MACRS method. 
A) $3,702.50 
B) $11,112.50 
C) $37,025 
D) $111,125

What Is the Second-Year Depreciation of a Rent-To-Own Property That