McCanless Co. recently purchased an asset for $2,700,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2?
Multiple Choice | o О $899,910 o $399,870 o $900,000 o $1,200,150 o $200,070. Get Finance homework help today
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