Using the Modified Accelerated Cost Recovery method (table A-1), calculate the depreciation of 1,000,000 dollars property for 3-year half-year convention. Please show all work!

Table A-1. 3-, 5-, 7-, 10-, 15-, and 20-Year Property Half-Year Convention Depreciation rate for recovery pe riod 3-year 5-year 7-year 10-year15-year20-year 33.33% 44.45 14.81 7.41 20.00% 32.00 19.20 11.52 11.52 14.29% 24.49 17.49 12.49 8.93 10.00% 18.00 14.40 11.52 9.22 5.00% 9.50 8.55 7.70 6.93 3.750% 7.219 6.677 2 4 5.713 8.92 8.93 4.46 7.37 6.55 6.55 6.56 6.55 6.23 5.90 5.90 5.91 5.90 5.285 4.888 4.522 4.462 4.461 5.76 8 10 5.91 5.90 5.91 5.90 5.91 4.462 4.461 4.462 4.461 4.462 3.28 12 13 15 2.95 16 17 18 19 20 4.461 4.462 4.461 4.462 4.461 21 2.231