Dorian, a calendar year corporation, purchased $1,568,000 of equipment on May 3. This was Dorian's only purchase of depreciable property for the year. If the equipment has a 10-year recovery period, refer to Table 7.2 and compute Dorian's first and second-year MACRS depreciation. (Disregard the Section 179 deduction and bonus depreciation in making your calculation.)
A. First year $156,800; second year $245,016
B. First year $156,800; second year $282,240
C. First year $78,400; second year $282,240
D. None of the above
Answer: B
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