D&R Company,a Calendar Year Corporation,purchased $1,116,000 of Equipment on August

Multiple Choice

D&R Company,a calendar year corporation,purchased $1,116,000 of equipment on August 3.This was D&R's only purchase of depreciable property for the year.If the equipment has a 7-year recovery period,refer to Table 7.2 and compute D&R's first and second-year MACRS depreciation.(Disregard the Section 179 deduction and bonus depreciation in making your calculation.)

A) First year $79,738; second year $273,308
B) First year $159,476; second year $273,308
C) First year $159,476; second year $234,253
D) None of the above