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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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