MACRS RATE Recovery year 3 years 5 years 7 years 10 years 33% 20% 14% 10% 2 45 32 25 18 3 15 19 18 14 4 7 12 12 12 5 12 9 9 6 5 9 8 7 9 7 8 4 6 9 6 10 6 11 4 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? O A. $2,100 OB. $1,500 OC. $1,200 OD. $1,900