Depreciation A frm is evaluating the acquisition of an asset that costs $68,600 and requires 54,220 in installation costs. If the firm deprecates the assef under MACRS, using a five-year recovery period isee tabie , determine the deprecation charge for each year. The annual depreciation expense for year 1 will be 5 (Round to the nearest dallar) The annual Bepceciation expense for yeat 2 wit be s (Round to the nearest dollar) The annial depteciation axpense for year 3 will be 5 (Round to the noarest dollar) The annual depreciation expense for year 4 will be s. (Round to the nearest dollar) (Rous The annual depreciation expense for year 5 will be $ (Round to the neakest dollar) The annual depreciaticn eppense for year 6 wil bes (Round to the nearest dotlar) Data table (Click on the icon here on in order to coly the contents of the dala table below into a spreadsheet) Rounded Depreciation Percentages by Rocovery Year Using MACRS for First Four Property Classes 7inese percenvages nave peen rounoed to me nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actuat unrounded percentages or directly apply double-decining balance (200s) depreciasion using the half-year cotivention