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A project requires $123 thousand of equipment that will be depreciated using a MACRS depreciation schedule (given below). Calculate the equipment's annual depreciation expense for

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A project requires $123 thousand of equipment that will be depreciated using a MACRS depreciation schedule (given below). Calculate the equipment's annual depreciation expense for year 3. MACRS Schedule: Year Depreciation rate 1 2 3 4 159 25% 33% 12% Enter your answer as a full number (not in thousands) with no decimal places of precision (a whole number). Do not enter your answer with commas or the dollar sign

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