7. Rose Plumbing purchased some 5-year MACRS property at a cost of $300,000. Given the following MACRS percentages from the table above: 20.00,32.00,19.20,11.52,11.52, and 5.76 percent, What is the depreciation expense for year three? (ANSWER $57,600 ) What is the book value of this equipment at the end of year 3? (ANSWER $86,400 )