Graphic DesignWorks purchased $8000 worth of office furniture in 2005. According to the MACRS table, how much money can they deduct from their
expenses in the first year?
O A. $571.60
B. $1429.00
C. $1245.40
O D. $1143.20

D. $1143.20

Step-by-step explanation:

Data provided in the question

The Purchased value of office furniture = P = $8,000

Based on the above explanation, the money deducted from the expenses for the first year is shown below:

= $1,143.20

We simply multiplied the purchased value of the office furniture with the MACRS rate i.e for the first year so that the amount i.e to be deducted could come

hence, the correct answer is d.

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