ABC Corporation has a new project that requires $567,000 of equipment. What is the depreciation in Year 5 of this project if the equipment is classified as seven-year property for MACRS purposes? The MACRS allowance percentages are as follows, commencing with year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent. $81,024.13 $58,158.40 $50,576.40 $50,633.10