San Diego, Inc, purchased a machine at a cost of $300,000. The installation cost for this equipment was $25,000. The furm plans to depreciate the equipment using the MACRS 5 -year normal recovery period. Depreciation percentages by recovery year using MACRS for the five-year property class are as followed: year 1:20\%; year 2:32\%: year 3:19%; year 4:12%; year 5:12%; and year 6:5%. What is the depreciation expense in year 3 ? $60,000 None of the given answers is correct. $57,000 $61.750 596,000