Please show formulas

P117 Book valueFind the book value for each of the assets shown in the accompanying table, assuming that MACRS depreciation is being used. See Table 4.2 on page 120 for the applicable depreciation percentages.

Asset	Installed cost	Recovery period (years)	Elapsed time since purchase (years)
A	$ 950,000	5	3
B	40,000	3	1
C	96,000	5	4
D	350,000	5	1
E	1,500,000	7	5

PROBLEM P11-7
ASSET	INSTALLED COST	DEPRECIATION %	ACCUMULATED DEPRECIATION	BOOK VALUE
A	$950,000
B	$40,000
C	$96,000
D	$350,000
E	$1,500,000