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Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Rounded Depreciation Percentages by Recovery Year
Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used
| Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes | ||||
| Percentage by recovery year* | ||||
| Recovery year | 3 years | 5 years | 7 years | 10 years |
| 1 | 33% | 20% | 14% | 10% |
| 2 | 45% | 32% | 25% | 18% |
| 3 | 15% | 19% | 18% | 14% |
| 4 | 7% | 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% |
| Asset | Installed cost | Recovery period (years) | Elapsed time since purchase (years) |
| A | $824,000 | 5 | 2 |
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