A project requires $$120,000$ of equipment which is classified as $7-$year property. What is the depreciation expense in year $3$ given the following MACRS depreciation allowance percentages?

Year $12345678$

Percent $14\mathrm{.}2924\mathrm{.}4917\mathrm{.}4912\mathrm{.}498\mathrm{.}938\mathrm{.}938\mathrm{.}934\mathrm{.}45$

a$.$ $$13,583$

b$.$ $$20,988$

c$.$ $$16,583$

d$.$ $$18,997$

e$.$ $$18,618$