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A company will invest in an addition to its assembly plant. The investment has a total cost of $25,,000,000 of which the total depreciable assets

A company will invest in an addition to its assembly plant. The investment has a total cost of $25,,000,000 of which the total depreciable assets cost $12,575,000. Based on the 5 year MACRS depreciation schedule below, calculate the amount of depreciation associated with this investment in year 1. MACRS 5 year Table

Year 1 0.2

Year 2 0.32

Year 3 0.192

Year 4 0.115

Year 5 0.115

Year 6 0.058

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