Under MACRS, an asset that originally cost $100,000 incurred installation costs of $10,000 and has an estimated salvage value of $25,000 is depreciating using a normal 5 year period. What is the amortization expense in year 1?

Recovery year 3 years 5 years 7 years 10 years 33% 20% 14% 10% 2 45 32 25 18 3 5 19 18 14 4 12 12 12 5 12 9 6 5 9 8 7 9 7 8 4 6 9 6 10 6 11