Patrick needs to purchase a forklift for his warehouse operations. The forklift cost is $20,000. Using MACRS, and a 5-year property class, what is the depreciation charge for year 4? 20-Year Property EOY 3.750 3-Year Property 33.33 44.45 14.81 7.41 2 5-Year Property 20.00 32.00 19.20 11.52 11.52 5.76 7-Year Property 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10-Year Property 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 15-Year Property 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 5.91 5.90 5.91 5.90 5.91 2.95 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 $2,304 $2,498 $6,400 $1,482