(Answered) Dayspring purchases an asset for 144360 this asset

Finance

DaySpring purchases an asset for $144360. This asset qualifies as a five-year recovery asset under MACRS. The five-year expense percentages for years 1, 2, 3, and 4 are 20.00%, 32.00%, 19.20%, and 11.52%, respectively. DaySpring has a tax rate of 30%. The asset is sold at the end of year 4 for $13133.

Calculate the accumulated depreciation over four years.

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