Homework: Chapter 11 Homework Save Score: 0 of 1 pt 3 of 12 (0 complete) HW Score: 0%, 0 of 12 pts P11-7 (similar to) s Question Help Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used : Data Table - X Recovery period (years) 5 Asset . Installed cost S884,000 Elapsed time since purchase (years) 2 The remaining book value is $. (Round to the nearest dollar.) (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* Recovery year 3 years 5 years 7 years 10 years 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% Enter your answer in the answer box and then click Check Answer All parts showing swer