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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 Percentage by recovery year*

Book valueFind the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used

Percentage by recovery year*
Recovery year 3 years 5 years 7 years
1 33% 20% 14%
2 45% 32% 25%
3 15% 19% 18%
4 7% 12% 12%
5 12% 9%
6 5% 9%
7 9%
8 4%
9
10
11
Totals 100% 100% 100%
Asset Installed cost

Recovery

period

(years)

Elapsed time

since purchase

(years)

A $882,000 5 3

The remaining book value is

$.

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