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Your firm buys a truck to transport goods directly to your main customers' facilities. The value of the truck is $97,797 and its useful life is 7 years (Your company assumes there is no residual value). If the depreciation is calculated using MACRS, what is the depreciation expense on year 3? Depreciation Year 3-Year MACRS 5-Year MACRS 7-Year MACRS 10-Year MACRS 15-Year MACRS 20-Year MACRS 1 2. 3 4 0.333 0.445 0.148 0.074 0.200 0.320 0.192 0.115 0.115 0.058 0.143 0.245 0.175 0.125 0.089 0.089 0.089 0.045 5 0.100 0.180 0.144 0.115 0.092 0.074 0.066 0.066 0.065 0.065 7 0.050 0.095 0.086 0.077 0.069 0.062 0.059 0.059 0.059 0.059 0.059 0.059 0.059 0.059 0.059 0.030 9 10 11 12 13 14 15 16 17 18 19 20 21 0.033 0.038 0.072 0.067 0.062 0.057 0.053 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.045 0.017 1.000 1.000 1.000 1.000 1.000 1.000