A lumber company purchases and installs a wood chipper for $200,000. The chipper is classified as…

A <a href=lumber company purchases and installs a wood chipper for $200,000. The chipper is classified as a MACRS 7- year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $25,000. Using straight-line depreciation, the third year depreciation is: Enter your answer as: 12345 Round your answer. Do not use a dollar sign any commas or a decimal point ” src=”http://cdn.transtutors.com/questions/Transtutors006/Images/Transtutors006_54e05a7d-8e97-4f17-83cf-186eed831692.png”>

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A lumber company purchases and installs a wood chipper for $200,000. The chipper is classified as a MACRS 7- year property. Its useful life is 10 years. The estimated salvage value at the end of 10 years is $25,000. Using straight-line depreciation, the third year depreciation is: Enter your answer as: 12345 Round your answer. Do not use a dollar sign (“$”), any commas (“, “) or a decimal point (“, “).