Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar.
-Cost: $400,000
Recovery Period: 10-year
After: First Year

Question

Find the book value using the MACRS method of depreciation and the MACRS depreciation rates table. Round to the nearest dollar. 
-Cost: $400,000
Recovery Period: 10-year
After: First Year

Quizplus · Accepted Answer

The cost after the first year is calculated by subtracting 10% of the initial cost ($400,000) from the initial cost, which is $400,000 - $40,000 = $360,000.

Find the Book Value Using the MACRS Method of Depreciation