You invest in a project that has a depreciable asset. the asset is depreciable under the 5year macrs category. the depreciation percentages for all six years are: 0.20, 0.32, 0.192, 0.115, 0.115, 0.058. on an asset worth $150,000, how much depreciation do you get to claim in year 3?

$28,800

Explanation:

Data provided in the question:

The asset is depreciable under the 5 year MACRS category

Depreciation percentages for all six years are:

0.20, 0.32, 0.192, 0.115, 0.115, 0.058

Worth of the asset = $150,000

Now,

Depreciation to be claimed in the year 3 will be

= Worth of the asset × Depreciation percentages for the year 3

here, from the given percentages of the depreciation

the Depreciation percentages for the year 3 is 0.192

= $150,000 × 0.192

= $28,800

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