Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery Elapsed time period since purchase Asset Installed cost (years) (years) $935,000 5 The remaining book value is $(Round to the nearest dollar.) Enter your answer in De answer box and then click Check Answer All parts showing Clear All Check Answer - X Book value Find Data Table In Asset The remaining book (Click on the icon here in order to copy the contents of the data table below into a spreadsheet) 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 33% 20% 14% 10% 45% 32% 25% 18% 19% 18% 79 12% 12% 12% 9% 9% 5% 8% 9% 7% 6% 6% 10 6% 11 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 (2009) depreciation using the half-year convention Enter your answer Print Done All parts showing