On June 10, 2018, Huron purchased equipment (7-year class property) for $52,000. Determine Huron's cost recovery deduction for computing 2018 taxable income. Assume that Huron does not make the $179 or bonus elections. (Use Table 6A-1) (Round your answer to 2 decimal places.) Cost recovery deduction Half-Year Convention Recovery Year 3-Year 5-Year 7-Year 10-Year TABLE 6A-1 General Depreciation System 200% or 150% Declining Balance Switching to Straight-Line* 15-Year 20-Year 33.33 44.45 14.81 7.41 3 4 20.00 32.00 19.20 11.52 11.52 5.76 14.29 24.49 17.49 12.49 8.93 8.92 8.93 4.46 10.00 18.00 14.40 11.52 9.22 7.37 6.55 6.55 6.56 6.55 3.28 5.00 9.50 8.55 7.70 6.93 6.23 5.90 5.90 5.91 5.90 NOOOWN OOO OUAWN 8 9 10 11 12 13 14 15 16 17 18 19 20 5.91 3.750 7.219 6.677 6.177 5.713 5.285 4.888 4.522 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 4.462 4.461 2.231 5.90 5.91 5.90 5.91 2.95 21 May not be used for farm business property generally placed in rvive after 1988. See Table 14. Rev. Proc. 87-57