P11-6 (similar to) Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery period (years) 5 Elapsed time since purchase (years) 3 Asset Installed cost $997,000 A The remaining book value is $ (Round to the nearest dollar.) 3 years Rounded Depreciation Percentages by Recovery Year Using MACRS for First Four Property Classes Percentage by recovery year* Recovery year 5 years 7 years 1 33% 20% 14% 2 45% 32% 25% 3 15% 19% 18% 4 7% 12% 12% 5 12% 9% 6 5% 9% 7 9% 8 4% 9 10 years 10% 18% 14% 12% 9% o o voo AWN- 8% 7% 6% 6% 6%