McCanless Co. recently purchased an asset for $3,000,000 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

• $1,333,500

• $444,300

• $1,000,000

• $999,900

• $222,300