Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase Recovery period (years) Asset Installed cost (years) $950,000 A 5 3 The remaining book value is $ (Round to the nearest dollar.) Data Table (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* 5 years 3 years 7 years Recovery year 10 years 33% 20% 10% 14% 45% 32% 25% 18% 3 15% 18% 14% 4 7% 12% 12% 12% 12% 9% 9% 5% 9% 8% 9% 7% 4% 6% 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 convention. Print Done