Question

MACRS depreciates automobiles in 6 years using these percents:

20% the first year;

32% the second year;

19.2% the third year;

11.52% the fourth and fifth years; and

5.76% the sixth year.

For an automobile that cost $30,000, what is the book value at the end of the third year? (Hint: To start, calculate the annual and accumulated depreciation for the first three years.)

Answer 1

y r u doing work at midnight?

Answer 2

Its only 10

Answer 3

lol im on the east coast so it was midnight for me