Find the depreciation each year for a tractor that was purchased for $$13,000$ and placed in service midyear under the MACRS method of depreciation as a $3-$year property.

Click the icon to view a table of MACRS rates.

The year $1$ depreciation is $$,($Round to the nearest cent as needed.$)$

MACRS Table

$\backslash$table$[[$Depreciation rate for recovery period$],[$Year$,3-$ Year,$5-$Year,$7-$Year,$10-$ Year,$15-$Year,$20-$ Year$],[1,33\mathrm{.}33\%,20\mathrm{.}00\%,14\mathrm{.}29\%,10\mathrm{.}00\%,5\mathrm{.}00\%,3\mathrm{.}750\%$