A company purchases an asset that costs $10,000. This asset qualifies as 3-year property under MACRS. The company uses an after-tax discount rate of 12% and faces a 40% income tax rate. (a) Use the appropriate present value factors found in Appendix C, Table 1, to determine the present value of the depreciation deductions for this firm over the specified 4-year period. Refer to Exhibit 12.4. (Round "MACRS %" to 2 decimal places (i.e, 0.1234 = 12.34%), "PV factor" to 3 decimal places. Round your answers to the nearest whole dollar amount.)

Answer is complete but not entirely correct.

***those present values of 2976, 3085, 632, and 283 are incorrect. please help with only those ***

Year	Depreciation Deduction	Tax Savings	Present Values
1	$3,333selected answer correct	$1,333selected answer correct	$2,976selected answer incorrect
2	4,445selected answer correct	1,778selected answer correct	3,085selected answer incorrect
3	1,481selected answer correct	592selected answer correct	632selected answer incorrect
4	741selected answer correct	296selected answer correct	283selected answer incorrect
	$10,000	$3,999	$6,976