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Find the deprediation for the first yoar using MACRS cost-recovery rates for the property placed in servico at midyear. The property is a 10 -year property and was purchased for $148,218. Click the icon to viow a table of MACRS rates MACRS Table The depreciation is 5 (Round to the nearest cont as needed) dhe depreciation for the first year using MACRS cost-recovery rates for the property placed in service at midyear The property is a 10 -year property and was purchased for 48,218 Click the icon to view a table of MACRS rates. MACRS Table he depreciation is 5 (Round to the nearest cent as needed.)