Question: The Vogons are evaluating a new planet demolition machine that costs $28.2 million. The machine falls in a 3-year property class with a rate of

The Vogons are evaluating a new planet demolition machine that costs

The Vogons are evaluating a new planet demolition machine that costs $28.2 million. The machine falls in a 3-year property class with a rate of 33.33% in the first year. What is the MACRS annual depreciation expense in the first year? The annual depreciation expense in the first year is $1 million. (Round to four decimal places.)

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