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A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs include $100,000 in installation costs. If the asset is classified

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A firm is considering purchasing an asset that will cost $1 million. Other depreciable costs include $100,000 in installation costs. If the asset is classified in the 3-year class, what is the annual depreciation for each year for this asset using the fixed depreciation percentages given by MACRS? (The percentages are 33.33%, 44.45%, 14.81%, and 7.41%, respectively.) A) $366,630, $488,950, $162,910, and $81,510 for years 1, 2, 3, and 4, respectively B) $275,000, $275,000, $275,000, and $275,000 for years 1, 2, 3, and 4, respectively C) $366,667, $366,667, $366,667 and $0 for years 1, 2, 3, and 4, respectively D) $366,630, $488,950, $81,510, and $81,510 for years 1, 2, 3, and 4, respectively

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