Pro forma income statement

Step $1$: Project revenues, costs & depreciation

Estimate depreciation and BVs $($book values$)$

MACRS rates are available from tables $($pg$.114)$

$BV$ at end of year $=BV$ at beginning $-$ depreciation

$\backslash$table$[[,$Year $1,$Year $2,$Year $3,$Year $4,$Year $5,$Year $6],[$MACRS$,20\%,32\%,19\mathrm{.}20\%,11\mathrm{.}52\%,11\mathrm{.}52\%,5\mathrm{.}76\%$