Wilson is preparing his tax returns using the MACRS convention. The following information relates to the purchase of an asset on January 1, Year 1. MACRS Depreciation as a Percentage of the Cost of the Asset Year of Life 12345 6 7 8 9 10 11 3 5 7 10 33.33% 20.00% 14.29% 10.00% 44.45% 32.00% 24.29% 18.00% 14.81% 19.20% 17.49% 14.40% 7.41% 11.52% 12.49% 11.52% 11.52% 8.93% 9.22% 5.76% 8.92% 7.37% 8.93% 6.55% 4.46% 6.55% 6.56% 6.55% 3.28% $ 105,000 7 $ 15,000 straight-line 5 200%-declining-balance Cost Estimated Economic Life Estimated residual value Depreciation for Financial Statements MACRS life MACRS Method Refer to Exhibit 11-05, what amount of depreciation would be recorded on the income tax returns for year 3? $20,160 $33,600 $21,000 $12,096