A company uses MACRS depreciation. It has decided to purchase a mainframe computer and would like to know the depreciation schedule. You have the following data:

First cost = $550,000.

Salvage Value = $50,000.

Property Class = 5-Year.

The accumulated depreciation at the end of year 5 is given by the following.

Group of answer choices

$63,360

$550,000

$518320

$0

$31,680

$51,320