eBook Problem 9-os An asset costs $200,000 and is classified as a ten-year asset. What is the annual depreciation expense for the first three years under the straight-line and the modified accelerated cost recovery systems of depreciation? Be sure to apply the half-year convention to straight-line depreciation. Use Exhibit 9.4 to answer the question. Round your answers to the nearest dollar Straight-line depreciation: Year 1 Depreciation expense $ $ $ 2 3 Accelerated cost recovery system of depreciation Yes Depreciation expense 1 $ 2 $ 3 $ Exhibit_9.4.jpg Percentage of Cost Depreciated Over: Recovery Year 1 5 Years 15 Years 3 Years 33.00% 20 Years 3.79% 20.00% 5.00% 7 Years 14.28% 24.49 17.49 10 Years 10.00% 18.00 14.40 2 45.00 32.00 19.20 3 7.22 6.68 15.00 9.50 8.55 7.69 6.93 7.00 12.49 6.18 11.52 11.52 11.52 9.22 8.93 5.76 6.23 8.93 8.93 7.37 6.55 6.55 5.71 5.28 4.89 5.90 4.46 8 9 10 11 12 13 14 5.90 5.90 5.90 6.55 6.55 3.29 5.90 5.90 5.90 5.90 5.90 3.00 15 16 17 4.52 4.46 4.46 4.46 4.46 4.46 4.46 4.46 4.46 4.46 4.46 4.46 4.46 2.25 18 19 20 21