Question 6 (2 points) What is the book value of a $35000 asset at the end of year 3 if 200% declining- balance method and the mid-quarter convention is used for tax purposes? The asset is placed in service during the fourth quarter of the first year. Recovery period for the asset is 5 years. The MACRS table for depreciation using 200% declining balance method using the mid-quarter convention for an asset placed in service during the fourth quarter with a recovery period of 5 years is provided below. You do not need to show any calculation for this problem. Round the answer to the nearest dollar value. Year 1 2 B 4 Depreciation | Your Answer: (%) 5.00 38.00 22.80 13.68 Answer 10.94