Question: 1. Find the third-year depreciation for a tractor/trailer rig that costs $173,980 and is purchased and placed in service at midyear. The maximum $125,000 section 179 deduction is elected for this three-year property
2. A barge costing $167,840 is purchased and placed in service at midyear. The maximum $125,000 section 179 deduction is elected for this 10-year property. Find the 8thyear depreciation amount for the barge.