Lee's Furniture just purchased $24,000 of fixed assets that are classified as 5-year MACRS property.The MACRS rates are 20 percent,32 percent,19.2 percent,11.52 percent,11.52 percent,and 5.76 percent for Years 1 to 6,respectively.What is the amount of the depreciation expense for the third year if the firm applies the new bonus method of depreciation?

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The Answer of Lee's Furniture just purchased $24,000 of fixed assets that are classified as 5-year MACRS property.The MACRS rates are 20 percent,32 percent,19.2 percent,11.52 percent,11.52 percent,and 5.76 percent for Years 1 to 6,respectively.What is the amount of the depreciation expense for the third year if the firm applies the new bonus method of depreciation?

Lee's Furniture Just Purchased $24,000 of Fixed Assets That Are