Question 20 (1 point) Assume your company has purchased equipment for $13 million, which is assumed to operate for the next five years. Use the modified accelerated cost recovery system (MACRS) to calculate the depreciation in the second year. Use the table below to solve the question: MACRS for 5 years Year 1 % 20% 2 32% 3 19.2% 4 11.52% 5 11.52% 5.76% $4.16 million $13 million $2.6 million $0 million None of the answers is correct