A project requires $360,000 of equipment that is classified as seven-year property.What is the depreciation expense in year 3 given the following MACRS depreciation allowances,starting with year 1: 14.29,24.49,17.49,12.49,8.93,8.92,8.93,and 4.46 percent?
A) $38,033
B) $41,267
C) $51,444
D) $62,964
E) $88,164
Correct Answer:
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