Question: Based on the MACRS 5-year property schedule below, what is the accumulated depreciation after 2 years for an item with an initial depreciable cost of

Based on the MACRS 5-year property schedule below, what is the accumulated depreciation after 2 years for an item with an initial depreciable cost of $300,000?

YEAR RATE

1 20.00%

2 32.00%

3 19.20%

4 11.52%

5 11.52%

6 5.76%

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