Current Attempt in Progress Nash Enterprises purchased a delivery truck on January 1, 2020, at a cost of $26.500. The truck has a useful life of 7 years with an estimated salvage value of $6,340.The straight-line method is used for book purposes. For tax purposes, the truck, having an MACRS care life of 7 years, is classified as 5-year property, the optional MACRS tax rate tables are used to compute depreciation. In addition, assume that for 2020 and 2021 the company has revenues of $214.000 and operating expenses (excludine depreciation) of $139,100. MACRS Depreciation Rates by Class of Property Recovery 3-year 5-year 7 year 10-year 15 year 20-year Year (200X DB) (200% DB) (200% DE) 1200% (150% DB) (150% DB) 33.33 20.00 14.29 10.00 5.00 3.750 1 2 44.45 32.00 24.29 18.00 9.50 7.219 3 14.81 19.20 17.49 14,40 8.55 6-677 7:41 11.52 1249 11.52 7,70 6.177 Question 12 of 12