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A 3 - YR MACRS depreciation schedule is applied to a machine investment in the manager's model. ( MACRS rates: 3 3 . 3 3

A 3-YR MACRS depreciation schedule is applied to a machine investment in the manager's model.
(MACRS rates: 33.33%,44.45%,14.81%,7.41%)
The value of the equipment at the beginning of the proposed project is $40000 and the discount rate (cost of capital) is 14%.
Determine the present value of the depreciation expense for Year 3.
Enter a pure number without symbols rounded to thenearestdollar.

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