Question: Find the depreciation for the eighth year using MACRS cost - recovery rates for the property placed in service at midyear. The property is a

Find the depreciation for the eighth year using MACRS cost-recovery rates for the property placed in service at midyear. The property is a 10-year property and was purchased for $127,055.
Click the icon to view a table of MACRS rates.
The depreciation is $
(Round to the nearest cent as needed.)
MACRS Table
\table[[Depreciation rate for recovery period],[Year,3-Year,5-Year,7-Year,10-Year,15-Year,20-Year],[1,33.33%,20.00%,14.29%,10.00%,5.00%,3.750%],[2,44.45,32.00,24.49,18.00,9.50,7219],[3,14.81,19.20,17.49,14.40,8.55,6.677],[4,7.41,11.52,12.49,11.52,7.70,6.177],[5,,11.52,8.93,9.22,6.93,5.713],[6,,5.76,8.92,7.37,6.23,5285],[7,,,8.93,6.55,5.90,4.888],[8,,,4.46,6.55,5.90,4.522],[9,,,,6.56,5.91,4.462],[10,,,,6.55,5.90,4.461],[11,,,,3.28,5.91,4.462],[12,,,,,5.90,4.461],[13,,,,,5.91,4.462],[14,,,,,5.90,4.461],[15,,,,,5.91,4.461],[16,,,,,2.95,4.461],[17,,,,,,4.462],[18,,,,,,4.461],[19,(ive,,,,,4.462],[20,,,,,,4.461],[21,,,,,,2231]]
Find the depreciation for the eighth year using

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