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Intro Southwest Airlines just bought a new jet for $35,000,000. The jet falls into the 7- year MACRS category, with the following depreciation rates (half-year

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Intro Southwest Airlines just bought a new jet for $35,000,000. The jet falls into the 7- year MACRS category, with the following depreciation rates (half-year convention): Year 1 2 3 4 5 6 7 8 * 14.29% rate 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46% - Attempt 1/10 for 10 pts. Part 1 What was the depreciation in year 5? 0+ decimals Submit Part 2 IB Attempt 1/10 for 10 pts. What is the book value at the end of year 5? 0+ decimals Submit

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