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A piece of newly purchased industrial equipment costs $745,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in the

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A piece of newly purchased industrial equipment costs $745,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in the MACRS Table. Fill in the following table. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Leave no cells blank. Enter "O" when necessary.) Beginning Year Beginning Book Value 745,000.00 638,539.50 Depreciation Allowance $ 106,460.50 Ending Book Value $ 638,539.50 1

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