1 A firm is considering purchasing an asset that will cost $800. Other depreciable costs include $70 in installation costs. If the asset is classified in the 7-year class. The fixed depreciation percentages given by MACRS are: Year 2 7-Year 14.29% 24.49% 17499 12.49% 1740 3.93% 8.9346 445% What is the annual depreciation for year 2 for this asset? For your answer, do not enter the $sign, use commas to separate thousands, and round to the nearest dollar. For example, if your result is $40.84 then enter 41 Your