McCanless Co. recently purchased an asset for $1,950,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
A. $144,495B. $649,935C. $288,795D.$866,775E. $650,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “McCanless Co. recently purchased an asset for $1,950,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Terry owns an RV repair shop. Sue works in the office and also orders any parts needed to repair RVs. Which of the following choices correctly matches productive resources from the previous statement?
Answers (1)
At work, Mario was trying to show Jenessa the new procedure for stocking the shelves. Jenessa kept working as he explained and quickly became frustrated because Mario kept telling her she was doing it wrong.
Answers (1)
Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31 $12,000 Notes receivable collected by bank 6,000 Outstanding checks 9,000 Deposits in transit 4,500 Bank service
Answers (1)
Commercially valuable fish may face extinction even though fish are a renewable resource. true or false.
Answers (1)
LC) Society holds police officers to a higher standard than ordinary citizens because they A. have taken an oath B. carry a firearm C. have an excellent retirement plan D. exert power over citizens' lives and liberties
Answers (2)
New Questions in Business
The primary goal of the Consumer Financial Protection Bureau is: A To monitor your credit report and ensure your identity and other sensitive data has not been compromised. B To protect against abusive or deceptive debt collection purposes.
Answers (1)
Jake Skinner purchases a big screen TV on credit and will repay the loan with one payment at the end of 90 days. What type of credit did Jake use?
Answers (1)
Which most likely results from producers engaging in specialization? Producers reduce their costs. Producers increase their market share. Producers decrease the materials needed for production. Producers always offer more competitive pricing.
Answers (1)
The workers at State Hospital, a public sector employer, and Acme Inc, a private employer, are subject to speech censorship and arbitrary job termination. Constitutional issues are present only for the State Hospital workers. TrueFalse
Answers (1)
Kyle and lyle want to pool their inheritance money to make a joint investment. they are young and are willing to accept moderate to high risk over a number of years. which combination of investment options best suits their needs?
Answers (1)