An asset costs $340,000 and is classified as a ten-year asset. What is the annual depreciation expense for the and the modified accelerated cost recovery systems of depreciation? Be sure to apply the half-year convention 9.4 to answer the question. Round your answers to the nearest dollar. Straight-line depreciation: Accelerated cost recovery system of depreciation: EX H I B I T 9.4 Depreciation Schedules under the Modified Accelerated Cost Recovery System