Question
A piece of newly purchased industrial equipment costs $1,140,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in MACRS
A piece of newly purchased industrial equipment costs $1,140,000 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 _________________ ___________________ _______________
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