MACRS RATE Recovery year 3 years 5 years 7 years 10 years 133% 20% 14% 10% 2145 32 25 18 315 19 18 14 47 12 12 12 5 12 19 6 5 19 8 7 19 8 4 16 9 16 10 16 11 Under MACRS, an asset which originally cost $10,000 is being depreciated using a 5-year normal recovery period. What is the depreciation expense in year 3? Select one: O a. $1,900 O b. $1,200 O c. $1,500 O d. $2,100