(Solved): Find the depreciation for the second year using MACRS cost-recovery rates for the property placed ...

Find the depreciation for the second year using MACRS cost-recovery rates for the property placed in service at midyear. The property is a 3 -year property and was purchased for \( \$ 98,592 . \) Click the icon to view a table of MACRS rates. The depreciation is \( \$ \) (Round to the nearest cent as needed.) MACRS Table