(Solution Download) What is the amount of the depreciation expense for the fourth year?

Van-Far Welding just purchased some fixed assets classified as 5-year property for MACRS. The assets cost $40,000. What is the amount of the depreciation expense for the fourth

year?

MACRS 5-year property

Year 1 2 3

Rate 20% 32% 19.2%

4 5 6

Rate 11.52% 11.52% 5.76%


Answer
a.
$2,304
b.
$7,680
c.
$4,068
d.
Not enoug...