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Bernies beverages purchased some fixed assets classified as

Question - Bernie's Beverages purchased some fixed assets classified as 5-year property for MACRS. The assets cost $30,000. What will the accumulated depreciation be at the end of year three?

MACRS 5-year property

Year Rate

1 20.00%

2 32.00%

3 19.20%

4 11.52%

5 11.52%

6 5.76%

$15,600

$3,456

$6,000

$21,360

$25,290

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Accounting Basics: Bernies beverages purchased some fixed assets classified as

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Accounting Basics: Bernies beverages purchased some fixed assets classified as

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