A piece of newly purchased industrial equipment costs $1,000,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in the MACRS Table Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank. Enter "o" when necessary.) Answer is complete but not entirely correct. Ending Book Value $ on AWN-2 Beginning Book Value 1,000,000 857.100 647,196 534,001 467,304 425,574 % 387,613 352,999 Depreciation Allowance $ 142,900 209,904 % 113,195 66,697 X 41,730 37,961 % 34,614 X 15,744 x 857.100 647,196 534,001 467, 304 425,574 % 387,613 352,999 % 337,255 10. Next Property Class 5-Year wear 3-Year 7-Year 33.33% 44.45 14.81 7.41 000 WN- 20.00% 32.00 19.20 11.52 11.52 5.76 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46