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Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used B X Asset A
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used B X Asset A Recovery period (years) 5 5 Elapsed time since purchase (years) 3 Data table Installed cost $838,000 (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) The remaining book value is $. (Round to the nearest dollar.) S ( Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year" Recovery year 3 years 5 years 7 years 10 years 1 33% 20% 14% 10% 2 45% 32% 25% 18% 3 15% 19% 18% 14% 4 7% 12% 12% 12% 5 12% 9% 9% 6 6 5% 9% % 8% 7 9% 7% 8 4% 4% 6% 9 9 6% 10 6% 11 4% Totals 100% 100% 100% 100% These percentages have been rounded to the nearest whole percent to simplify calculations while retaining realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance (200%) depreciation using the half-year las
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