Sun Lee's Furniture just purchased some fixed assets classified as 5-year property for MACRS.The assets cost $232,618.The MACRS table values are .2000,.3200,.1920,.1152,.1152,and .0576 for Years 1 to 6,respectively.What is the amount of the depreciation expense for the second year?
A) $46,523.60
B) $54,019.09
C) $59,550.21
D) $62,004.20
E) $74,437.76
Correct Answer:
Verified
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