LiCheng's Enterprises just purchased some fixed assets that are classified as 3-year property for MACRS. The assets cost $1,900. What is the amount of the depreciation expense for year 2?

A) $562.93
B) $633.27
C) $719.67
D) $844.36
E) $1,477.63

Question

LiCheng's Enterprises just purchased some fixed assets that are classified as 3-year property for MACRS. The assets cost $1,900. What is the amount of the depreciation expense for year 2?

A) $562.93 
B) $633.27 
C) $719.67 
D) $844.36 
E) $1,477.63

Quizplus · Accepted Answer

The Answer of LiCheng's Enterprises just purchased some fixed assets that are classified as 3-year property for MACRS. The assets cost $1,900. What is the amount of the depreciation expense for year 2?

A) $562.93 
B) $633.27 
C) $719.67 
D) $844.36 
E) $1,477.63

LiCheng's Enterprises Just Purchased Some Fixed Assets That Are Classified