Question: Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used X Recovery period (years)

Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used X Recovery period (years) Elapsed time since purchase (years) Data Table Asset Installed cost 5813,000 The remaining book value is $ (Round to the nearest dollar.) (Click on the icon here e in order to copy the contents of the data table below 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 1 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% *These percentages have been rounded to the nearest whole percent to simplify calculations while Enter your answer in the answer box and then click Check Answer. All parts showina
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
