A piece of newly purchased industrial equipment costs $1,090,000 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.

Beginning Year	Beginning Book Value	Depreciation Allowance	Ending Book Value
1	$	$	$
2
3
4
5
6
7
8