McCanless Co. recently purchased an asset for $3,460,000 that will be used in a 2 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. a. What is the amount of depreciation in Year 1 and 2? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the book value in Year 2? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.. 32.16.) a. Year 1 depreciation = $ Year 2 depreciation = $ b. Book Value in Year 2 = $D