A Project Requires $428,000 of Equipment That Is Classified as Seven-Year

A project requires $428,000 of equipment that is classified as seven-year property.What is the depreciation expense in Year 3 given the following MACRS depreciation allowances, starting with Year 1: 14.29, 24.49, 17.49, 12.49, 8.93, 8.92, 8.93, and 4.46 percent?

A) $89,038.42
B) $48,447.30
C) $56,038.15
D) $74,857.20
E) $104,817.20