What is the depreciation expense for the equipment

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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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