Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $30,000. What

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Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $30,000. What will the accumulated depreciation be at the end of year three? MACRS 5-year property 
Year Rate 
1 ................. 20.00%  2 ................. 32.00%  3 ................. 19.20%  4 ................. 11.52%  5 ................. 11.52%  6 ................. 5.76%
Multiple Choices:
a. $15,600  b. $3,456  c. $6,000  d. $21,360  e. $25,290 

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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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