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A Tractor Costing $160,000 Is Depreciated Using MACRS

Question 96

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A tractor costing $160,000 is depreciated using MACRS. The tractor qualifies as a 3-year property, and has a scrap value of $19,000. The depreciation rates are: A tractor costing $160,000 is depreciated using MACRS. The tractor qualifies as a 3-year property, and has a scrap value of $19,000. The depreciation rates are: What is the depreciation expense for year 3? A) $24,000 B) $31,020 C) $35,200 D) $21,150 What is the depreciation expense for year 3?


A) $24,000
B) $31,020
C) $35,200
D) $21,150

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