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Southwest Airlines just bought a new jet for $21,000,000. The jet falls into the 7- year MACRS category, with the following depreciation rates (half-year

 

Southwest Airlines just bought a new jet for $21,000,000. The jet falls into the 7- year MACRS category, with the following depreciation rates (half-year convention): Year 1 Depr. rate 2 3 4 Part 1 What was the depreciation in year 5? 5 6 7 8 14.29% 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46% Attempt 1/3 for 5 pts.

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