Cato inc just purchased some fixed assets at a total cost, Ask an Expert

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CATO, Inc. just purchased some fixed assets at a total cost of $62,118 that are classified as 3-year property for MACRS. The MACRS table values are .3333, .4445, .1481, and .0741 for Years 1 to 4, respectively. What is the amount of the depreciation expense for Year 3?

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Financial Management, Finance

Category:- Financial Management
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