CATO,Inc.just purchased some fixed assets at a total cost of $62,118 that are classified as 3-year property for MACRS.The MACRS table values are .3333,.4445,.1481,and .0741 for Years 1 to 4,respectively.What is the amount of the depreciation expense for Year 3?
A) $9,199.68
B) $4,602.94
C) $4,261.87
D) $8,044.36
E) $9,477.63
Correct Answer:
Verified
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