A project requires $336,000 of equipment that is classified as 7-year property. What is the depreciation expense in year 3 given the following MACRS depreciation allowances, starting with year one: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent? A) $38,033 B) $41,267 C) $48,509 D) $58,766 E) $61,322
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