XY Company is planning to purchase 3 used trucks. Each truck will cost $18,000. The salvage value for each track $4,000. Compute the total depreciation for each truck for the third year, using the modified accelerated cost recovery system (MACRS) method, if the recovery period is 5 years. Percentage by recovery year Recovery year 3 years 5 years 7 years 1 33% 20% 14% 2 45 32 25 18 3 15 19 4 7 12 12 12 5 9 6 5 8. 4 9 10 11 Totals 100% 100% 100% "These percentages have been rounded to the nearest whole percent to simplify calculations w ing realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual percentages or directly apply double-declining balance depreciation using the half-year conve Percentage by recovery year 5 years 7 years 10 years 20% 14% 10% 32 25 18 19 18 14 12 12 12 9 9 12 5 9 8 9 7 4 6 6 6 4 100% 100% 100% - e nearest whole percent to simplify calculations while retain- Eion for tax purposes, be sure to apply the actual unrounded ng balance depreciation using the half-year convention