Overland Purchased $387,950 of Fixed Assets That Are Classified as Three-Year

Multiple Choice

Overland purchased $387,950 of fixed assets that are classified as three-year property for MACRS. The MACRS rates are .3333, .4445, .1481, and .0741 for Years 1 to 4, respectively. What is the amount of the depreciation expense in Year 3 assuming no bonus depreciation is taken?

A) $28,747.10
B) $42,399.29
C) $57,455.40
D) $59,929.11
E) $12,766.59