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 Book value Recovery period (years) Elapsed time since purchase (years) Percentage by recovery year 10 years 10% 18% 14% 12% 9% 8% 7% 6% 6% 6% 4% 100% 7 years 14% years 33% 45% 15% 7% 5 years 20% 32% 19% Asset Installed cost Recovery year S802,000 18% 12% 9% 5% 5% 4% (Round to the nearest dollar.) The remaining book value is 12% 5% 6 10 100% 100% 100% Totals 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