Question: A certain tractor for over the road use costs $85,000, and is put into service at midyear. Prepare a MACRS depreciation schedule for the tractor

A certain tractor for over the road use costs $85,000, and is put into service at midyear. Prepare a MACRS depreciation schedule for the tractor as a 3-year property, using the depreciation rates below. Year 1: 33.33%; Year 2: 44.45%; Year 3: 14.81%; Year 4: 7.41%;

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