MC algo 9-4 Calculating Depreciation McCanless Co. recently purchased an asset for $3,050,000 that will be used in a 3-year project. The asset is in the 4-year MACRS class. The depreciation percentage each year is 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. What is the amount of depreciation in Year 2? Multiple Choice $1,355,725 $1,016,667 $451,705 $226,005 $1,016,565