What is the depreciation expense for the equipment

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Reference no: EM13264734

Your firm is considering purchasing a piece of equipment that will fall into the MACRS 3-year depreciation schedule, which is given in the table below. The equipment will cost $28845 and you will also have to pay $2983 to install it in your factory. What is the depreciation expense for the equipment in Year 3? Round your answer to the nearest dollar.

	Year 1	Year 2	Year 3	Year 4
Depreciation	33.33%	44.45%	14.81%	7.41%

Reference no: EM13264734

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