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HW Score: 10%, 10 of 100 pts 4 of 10 (1 complete) Score: 0 of 10 pts Question Help P11-15 (similar to) Depreciation A firm is evaluating the acquisition of an asset that costs $69,200 and requires $3,740 in installation costs. If the firm depreciates the asset under MACRS, using a 5-year recovery period (see table), determine the depreciation charge for each year. (Round to the nearest dollar.) Data Table The annual depreciation expense for year 1 will bes Percentage by recovery year* 5 years 20% 32% 19% 12% 12% 5% 7 years 14% 25% 18% 12% 3% 3% 3% A% 10 years 10% 18% 14% 12% 3% 8% years 3'3% 45% 15% Re ar 8% 8% 8% 4% 10 Ente r your answer in the answer box Totals remaining These percentages have been rounded to the nearest whole percent to simplify calculations while