Homework answers / question archive / Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used ? Data Table Recovery period (years) 5 Installed cost $913,000 Elapsed time since purchase (years) 2 Asset ? The remaining book value is $

Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used ? Data Table Recovery period (years) 5 Installed cost $913,000 Elapsed time since purchase (years) 2 Asset ? The remaining book value is $

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Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used ? Data Table Recovery period (years) 5 Installed cost $913,000 Elapsed time since purchase (years) 2 Asset ? The remaining book value is $. (Round to the nearest dollar.) 5 years 10 years (Click on the icon here 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 7 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 showing