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The Counting House, Inc., purchased 5-year property class equipment for $60,000. It uses the MACRS method of depreciation. What is tax depreciation

for the second year of the asset's life?

 

$12,000

 

$19,200

 

$20,000

 

$24,000

 

user-image
Question added by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company
Date Posted: 2015/03/21
Deleted user
by Deleted user

I chose2nd option

Thanks to invitation

Deleted user
by Deleted user

second year of the asset's life is $19.200

Alex Al Yazouri
by Alex Al Yazouri , General Manager , Al Mushref Cooperative Society

I agree with experts on

$19,200

tax depreciation for the second year of the asset's life

Wasi Rahman Sheikh
by Wasi Rahman Sheikh , Warehouse Supervisor , AL MUTLAQ FURNITURE MFG

AGREED WITH ALL CHAMPS<<<<<<<<<<<<<<<<<<<<

Vinod Jetley
by Vinod Jetley , Assistant General Manager , State Bank of India

$19,200

 

is the correct answer.

khaled elkholy
by khaled elkholy , HR MANAGER , misk for import & export

agree with all .........................................................................

Emad Mohammed said abdalla
by Emad Mohammed said abdalla , ERP & IT Software, operation general manager . , AL DOHA Company

>>> The answer will be $19,200