Del Norte Brick Co. is located near the intersection of Texas, New Mexico, and Mexico. Improved access to the company's property is via a small bridge across the Rio Grande. The cost of the bridge was $880,000. Determine the depreciation and book value for year 4 according to the MACRS (Modified Accelerated Cost Recovery System) method. Year n=20 n 1 2 3 4 5 n=3 33.33 44.45 14.81 7.41 Depreciation Rate (%) for Each MACRS Recovery Period in Years n=5 n=7 n=10 n=15 20.00 14.29 10.00 5.00 32.00 24.49 18.00 9.50 19.20 17.49 14.40 8.55 11.52 12.49 11.52 7.70 11.52 8.93 9.22 6.93 3.75 7.22 6.68 6.18 5.71 5.76 6 7 8 9 10 8.92 8.93 4.46 7.37 6.55 6.55 6.56 6.55 6.23 5.90 5.90 5.91 5.90 5.29 4.89 4.52 4.46 4.46 3.28 12 5.91 5.90 5.91 5.90 5.91 4.46 4.46 4.46 4.46 13 14 15 4.46 2.95 16 17-20 21 4.46 4.46 2.23 MACRS n Value, Years GDS ADS Range 3 3 3-5 5 6-9.5 7 10-15 10 15-19 Asset Description (Personal and Real Property) Special manufacturing and handling devices, tractors, racehorses Computers and peripherals, oil and gas drilling equipment, construction assets, autos, trucks, buses, cargo containers, some manufacturing equipment Office furniture; some manufacturing equipment; railroad cars, engines, tracks, agricultural machin- ery; petroleum and natural gas equipment; all property not in another class Equipment for water transportation, petroleum refin- ing, agriculture product processing, durable-goods manufacturing, shipbuilding Land improvements, docks, roads, drainage, bridges, landscaping, pipelines, nuclear power production equipment, telephone distribution Municipal sewers, farm buildings, telephone switch- ing buildings, power production equipment (steam and hydraulic), water utilities Residential rental property (house, mobile home) Nonresidential real property attached to the land, but not the land itself 15 20-24 20 25-50 27.5 40 39 40 The depreciation is determined to be $ The book value is determined to be $