Businesswire.com reported a shortage of inventory for new and used cars during the pandemic mainly due to mass transit riders choosing to purchase a vehicle for safer transportation coupled with the ease of the transformed digital buying process along with supply chain disruptions. New vehicle sales doubled during the pandemic pushing the average price of both new and used vehicles up to an estimated $39,500 in 2021. What is the MACRS depreciation expense for year 4 of your $45,680 nonluxury business vehicle? Use MACRS table. Note: Round your answer to the nearest dollar amount. 06 MACRS depreciation expense
Businesswire.com reported a shortage of inventory for new and used cars during the pandemic mainly due to mass transit riders choosing to purchase a vehicle for safer transportation coupled with the ease of the transformed digital buying process along with supply chain disruptions. New vehicle sales doubled during the pandemic pushing the average price of both new and used vehicles up to an estimated $39,500 in 2021. What is the MACRS depreciation expense for year 4 of your $45,680 nonluxury business vehicle? Use MACRS table. Note: Round your answer to the nearest dollar amount. 06 MACRS depreciation expense
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Businesswire.com reported a shortage of inventory for new and used cars during the pandemic mainly due to mass transit riders
choosing to purchase a vehicle for safer transportation coupled with the ease of the transformed digital buying process along with
supply chain disruptions. New vehicle sales doubled during the pandemic pushing the average price of both new and used vehicles
up to an estimated $39,500 in 2021. What is the MACRS depreciation expense for year 4 of your $45,680 nonluxury business vehicle?
Use MACRS table.
Note: Round your answer to the nearest dollar amount.
06
MACRS depreciation expense
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