Southwest Airlines just bought a new jet for $22,000,000. The jet falls into the 7-year MACRS category, with the following depreciation rates (half-year convention):

A:What was the depreciation in year 5?

b:What is the book value at the end of year 5?

Year 1 2 3 5 6 7 8 Depr. rate 14.29% 24.49% 17.49% 12.49% 8.93% 8.92% 8.93% 4.46%