Depreciation A firm is evaluating the acquisition of an asset that costs $$63,200$ and requires $$4\mathrm{.}240$ in installation costs. If the firm depreciates the asset under$$ MACRS, using a$$ five$-$year recovery period$($see table LOADING...$),$ determine the depreciation charge for each year. Question content area bottom Part $1$ The annual depreciation expense for year $1$ will be $$$ enter your response here.