Find the Annual Recovery for Year 1

Short Answer

Find the Annual Recovery for Year 1.
$$\begin{array} { | c | c | c | c | c | } \hline \text { Method } & \text { Purchased } & \text { Cost } & \text { Recovery Class } & \begin{array} { c } \text { Annual Recovery for } \\\text { Year } 1\end{array} \\\hline \text { MACRS } & \text { May } 3 & \$ 18,000 & 3 & \text { A } \\\hline\end{array}$$