n asset costs $270,000 and is classified as a ten-year asset. What is the annual depreciation expense for the first three years under the straight-line and the modified accelerated cost recovery systems of depreciation? Be sure to apply the half-year convention to straight-line depreciation. Use Exhibit 9.4 to answer the question. Round your answers to the nearest dollar.

Straight-line depreciation:

Year	Depreciation expense
1	$
2	$
3	$

Accelerated cost recovery system of depreciation:

Year	Depreciation expense
1	$
2	$
3	$