1 - Suppose you own restaurant. You buy a new pizza oven for $110,000. The oven can be sold for $30,000 after seven years. What is the third year's depreciation charge that you can deduct from your income using: c) (0.5 pts) MACRS depreciation assuming 5-year property class (use the MACRS table available on blackboard) TABLE 11-3 MACRS Depreciation for Personal Property: Half-Year Convention