Book value Find the book value for the asset shown in the accompanying table,

assuming that MACRS depreciation is being used 3:(Data Table)_______________

ASSETINSTALLED COSTRECOVERY PERIOD (YEARS)ELAPSED TIME SINCE PURCHASE (YEARS)

A $884,000 5 4

The remaining book value is $____________. ( Round to the nearest dollar.)

Rounded Depreciation Percentages by recovery Year Using MACRS for First Four Property Classes

3:(Data Table)________________Percentage by recovery year*____________

RECOVERY YEAR3 YEARS5 YEARS7 YEARS10 YEARS___

133%20%14%10%

245% 32%25%18%

315% 19%18%14%

47% 12%12%12%

5 12% 9%9%

6 5%9%8%

7 9%7%

8 4%6%

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 percentage or directly apply double-declining balance (200%) depreciation using the

half-year convention.