Question

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

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Asset	Installed cost	Recovery period ​(years)	Elapsed time since purchase ​(years)
A	$ 841 comma 000$841,000	5	22

The remaining book value is $____

​(Round to the nearest​ dollar.)

Rounded Depreciation Percentages by Recovery Year Using MACRS for

First Four Property Classes

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Percentage by recovery​ year*

Recovery year

3 years

5 years

7 years

10 years

1

3333​%

2020​%

1414​%

1010​%

2

4545​%

3232​%

2525​%

1818​%

3

1515​%

1919​%

1818​%

1414​%

4

77​%

1212​%

1212​%

1212​%

5

1212​%

99​%

99​%

6

55​%

99​%

88​%

7

99​%

77​%

8

44​%

66​%

9

66​%

10

66​%

11

44​%

Totals

100100​%

100100​%

100100​%

100100​%

Answer 1

Please refer to below spreadsheet for calculation and answer. Cell reference also provided.

Cell reference -

Hope this will help, please do comment if you need any further explanation. Your feedback would be appreciated.