Solve the problem. Round dollar amounts to the nearest cent.Find the depreciation each year for a tractor that was purchased for $9350.00 and placed in service midyear under the MACRS method of depreciation as a 3-year property.

A. Year 1 Depreciation = $692.84
Year 2 Depreciation = $1384.74
Year 3 Depreciation = $4156.08
Year 4 Depreciation = $3116.36

B. Year 1 Depreciation = $3116.36
Year 2 Depreciation = $4156.08
Year 3 Depreciation = $1384.74
Year 4 Depreciation = $692.84

C. Year 1 Depreciation = $3116.36
Year 2 Depreciation = $7272.44
Year 3 Depreciation = $8657.18
Year 4 Depreciation = $9350.02

D. Year 1 Depreciation = $1870.00
Year 2 Depreciation = $2992.00
Year 3 Depreciation = $1795.20
Year 4 Depreciation = $1077.12


Answer: B

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