Steven purchased a safe for his office that cost $3,800 and has a salvage value of $1,000. Steven plans to use the safe 95% for business purposes and 5% for personal use. What is the second-year depreciation? Use the MACRS method.

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The Answer of Steven purchased a safe for his office that cost $3,800 and has a salvage value of $1,000. Steven plans to use the safe 95% for business purposes and 5% for personal use. What is the second-year depreciation? Use the MACRS method.

Steven Purchased a Safe for His Office That Cost $3,800