Question: Data table [Click on the icon here D in order to copy the contents of the data table belovir into a spreadsheet.) Rounded Depreciation Percentages


Data table [Click on the icon here D in order to copy the contents of the data table belovir into a spreadsheet.) Rounded Depreciation Percentages by Recovery 'I'ear Using MACRS for First Four Property Classes Percentage by recovery year" Recovery year 3 years 5 years 1" years 19 years 1 33% 29% 14% 19% 2 45% 32% 25% 19% 3 15% 19% 19% 14% 4 2% 12% 12% 12% 5 12% 9% 9% 5 5% 9% 9% 2 9% 2% 9 4% 5% 9 5% 19 5% 11 4% Totals 199% 199% 199% 19 9% *These percentages have been rounded to the nearest I.vhole 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 {299%} depreciation using the half-year convention. Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Recovery Elapsed time period since purchase Asset Installed cost (years) (years) A $800,000 5 The remaining book value is $ . (Round to the nearest dollar.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
