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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
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 Depreciation Allowance Ending Book Value Property Class Year 3-Year 5-Year 7-Year 33.33% 44.45 14.81 7.41 Mmo00 20.00% 32.00 19.20 11.52 11.52 5.76 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46
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