A 5-year property costing $263,000 is placed in service at midyear in 2016 . The property is depreciated using MACRS. Prepare a depreciation schedule for the property. Click the icon to view a table of MACRS rates. Complete the following table. Enter the MACRS rate as a decimal and depreciation, accumulated depreciation, and end-of-year book value rounded to the nearest cent. MACRS Table