Find the book value for each of the assets shown in the following table, assuming that MACRS depreciation is being used. See Table 4.2 for the applicable depreciation percentages. Asset Installed cost . $ 890,000 B 67,000 34,000 D 4,280,000 E 753,000 Recovery period (years) 5 7 3 10 Elapsed time since purchase (years) 2 4 1 5 3 5 5 years 12 12 Rounded Depreciation Percentages by Recovery Year Using MACRS TABLE 4.2 for First Four Property Classes Percentage by recovery year" Recovery year 3 years 7 years 10 years 1 33% 20% 14% 10% 2 45 32 25 18 3 15 19 18 14 4 7 12 5 12 9 9 6 5 9 8 7 9 7 8 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 retain- ing realism. To calculate the actual depreciation for tax purposes, be sure to apply the actual unrounded percentages or directly apply double-declining balance depreciation using the half-year convention