A piece of newly purchased industrial equipment costs $1,010,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in MACRS Table. Required:

Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations. Leave no cells blank. Enter "0" when necessary.) Beginning Year Beginning Book Value Depreciation Allowance Ending Book Value 1 $ $ $ 2 3 4 5 6 7 8