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
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