Book value

Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used.

Asset	Installed cost	Recovery Period (years)	Elapsed Time since Purchase (years)
A	$987,000	5	3

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
1 2 3 4 5 6 7 8 9 10 11	33% 45% 15% 7%	20% 32% 19% 12% 12% 5%	14% 25% 18% 12% 9% 9% 9% 4%	10% 18% 14% 12% 9% 8% 7% 6% 6% 6% 4%
Totals	100%	100%	100%	100%

*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.

The remaining book value is $?. (Round to the nearest dollar.)