Question: I need help with #3 and #5. QUESTION 3 What is year 2 depreciation of a $2,532,971 asset that is depreciated using the MACRS 3-year

I need help with #3 and #5. QUESTION 3 What is

I need help with #3 and #5.

QUESTION 3 What is year 2 depreciation of a $2,532,971 asset that is depreciated using the MACRS 3-year class? QUESTION 4 How many years does it take to fully depreciate an asset that is depreciated using the MACRS 7-year class? 8 QUESTIONS What is the effective capital gain if a $119,481 MACRS-3 asset is sold after 2 full years for $55,124

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