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A firm is considering purchasing an asset that will cost $1 million. Other dep asset is classified in the 3-year class, what is the annual

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A firm is considering purchasing an asset that will cost $1 million. Other dep asset is classified in the 3-year class, what is the annual depreciation for year given by MACRS? (The percentages are 33.33%, 44.45%, 14.81%, and 7.45 million. Other depreciable costs include $100,000 in installation costs. If the epreciation for year 3 for this asset using the fixed depreciation percentages %, 14.81%, and 7.41%, respectively.) (Answer in dollars)

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