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A piece of newly purchased industrial equipment costs $1,080,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and
A piece of newly purchased industrial equipment costs $1,080,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank. Enter "0" when necessary
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