A firm is considering purchasing an asset that will cost $500. Other depreciable costs include $30 in installation costs. If the asset is classified in the 7-year class. The fixed depreciation percentages given by MACRS are: 8 Year 1 2 3 5 7 7-Year 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% What is the annual depreciation for year 3 for this asset? For your answer, do not enter the $ sign, use commas to separate thousands, and round to the nearest dollar. For example, if your result is $40.84 then enter 41