Overland purchased $387,950 of fixed assets that are classified as three-year property for macrs. the macrs rates are ., .4445, .1481, and .0741 for years 1 to 4, respectively. what is the amount of the depreciation expense in year 3 assuming no bonus depreciation is taken?

$57,455.395

Explanation:

Given that,

Fixed assets purchased = $387,950

MACRS rates are as follows:

Year 1 = 0.3333

Year 2 = 0.4445

Year 3 = 0.1481

Year 4 = 0.0741

Depreciation Expense in Year 3:

= Initial Value or Purchase Price of equipment × MACRS rate for Year 3

= $387,950 × 0.1481

= $57,455.395

The correct option is;

Yes, the line should be perpendicular to one of the rectangular faces

Step-by-step explanation:

A perpendicular cross-section of a triangular prism resting on a rectangular face will have a triangular cross-section section an either side of the line of the cross-section, therefore we have;

Given that the triangular prism is lying on one of the rectangular faces, the perpendicular cross-section will be represented by a line drawn along the slant height of the triangular prism, therefore the correct option is yes, the line should be perpendicular to one of the rectangular faces.