Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase (years) 3 Asset A Installed cost $936,000 Recovery period (years) 5 The remaining book value is $. (Round to the nearest dollar.) Data table (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* 3 years 5 years 7 years 33% 20% 45% 32% 15% 19% 18% 7% 12% 12% WWW 12% 9% 5% 9% 9% 4% 100% Recovery year 2 3 4 5 6 7 8 9 10 11 14% 25% 10 years 10% 18% 14% 12% 14% 9% 8% 7% 6% 0%⁹0 6% 6% 4% Totals 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
Book value Find the book value for the asset shown in the accompanying table, assuming that MACRS depreciation is being used Elapsed time since purchase (years) 3 Asset A Installed cost $936,000 Recovery period (years) 5 The remaining book value is $. (Round to the nearest dollar.) Data table (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* 3 years 5 years 7 years 33% 20% 45% 32% 15% 19% 18% 7% 12% 12% WWW 12% 9% 5% 9% 9% 4% 100% Recovery year 2 3 4 5 6 7 8 9 10 11 14% 25% 10 years 10% 18% 14% 12% 14% 9% 8% 7% 6% 0%⁹0 6% 6% 4% Totals 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
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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