A piece of newly purchased industrial equipment costs $1,110,000 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. Year 1 2 3 4 5 6 7 8 Beginning Book Value Depreciation Allowance ++ Ending Book Value

A piece of newly purchased industrial equipment costs $1,110,000 and is classified as seven-year property under MACRS (MACRS Schedifle) 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