Sun Lee's Furniture just purchased $387,269 of fixed assets classified as 5-year property for MACRS.The MACRS table values are 0.2000,0.3200,0.1920,0.1152,0.1152,and 0.0576 for Years 1 to 6,respectively.What is the amount of the depreciation expense for the third year?
A) $40,449.47
B) $54,019.09
C) $123,926.08
D) $102,004.20
E) $74,355.65
Correct Answer:
Verified
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