3. On January 1, 2018 SILO Inc., purchased a new piece of lumber processing equipment for $400,000. The new equipment falls in a MACRS 7-year property class and has a 10-year life. The salvage value is expected to be 10% of the original purchase price. Using standard MACRS depreciation, the annual depreciation expense will be closest to __________for year 2019 (Year 2 only