A piece of newly purchased industrial equipment costs $1,150,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in the MACRS Table Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round Intermediate calculations and round your answers to the nearest whole number, e.g-, 32. Leave no cells blank. Enter "o" when necessary.) Year Beginning Book Value Depreciation Allowance Ending Book Value ON