Book value. Find the book value for each of the assets shown in the accompanying table, assuming that MACRS depreciation is being used. Recovery period (years) Elapsed time since purchase (years) Asset 3 Installed cost $ 950,000 40,000 96,000 350,000 1,500,000 Solution Recovery year 3 years 33% 45% 15% 7% Percentage by recovery year 5 years 7 years 20% 14% 32% 25% 19% 18% 12% 12% 12% 9% 5% 9% 9% 4% 10 years 10% 18% 14% 12% 9% 8% 7% 6% 6% 6% 4% 100% 10 11 Totals 100% 100% 100% $ 950,000 Asset A Installed cost Recovery period (years) Elapsed time since purchase (years) Depreciation year 1 Depreciation year 2 Depreciation year 3 Accumulated depreciation Book value 40,000 Asset B Installed cost Recovery period (years) Elapsed time since purchase (years) Depreciation year 1 Accumulated depreciation Book value Asset 96.000 Installed cost Recovery period (years) Elapsed time since purchase (years) Depreciation year 1 Depreciation year 2 Depreciation year 3 Depreciation year 4 Accumulated depreciation Book value 350,000 Asset D Installed cost Recovery period (years) Elapsed time since purchase (years) Depreciation year 1 Accumulated depreciation Book value 1,500,000 Asset E Installed cost Recovery period (years) Elapsed time since purchase (years) Depreciation year 1 Depreciation year 2 Depreciation year 3 Depreciation year 4 Depreciation year 5 Accumulated depreciation Book value