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( 1 2 ) A piece of newly purchased industrial equipment costs $ 1 . 4 7 5 million and is classified as seven -

(12) A piece of newly purchased industrial equipment costs $1.475 million and is classified as
seven-year property under MACRS. The MACRS depreciation schedule is shown in Table
10.7. Calculate the annual depreciation allowances and end-of-the-year book values for
this equipment. (Leave no cells blank - be certain to enter "0" wherever required. Do
not round intermediate calculations and enter your answers in dollars, not millions of
dollars, rounded to 2 decimal places e.g.,1,234,567.89.)
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