A project requires $428,000 of equipment that is classified as seven-year property.What is the depreciation expense in Year 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) $89,038.42
B) $48,447.30
C) $56,038.15
D) $74,857.20
E) $104,817.20
Correct Answer:
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