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A piece of newly purchased industrial equipment costs $ 9 7 4 , 0 0 0 and is classified as seven - year property under

A piece of newly purchased industrial equipment costs $974,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank - be certain to enter "0" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)\table[[Property Class],[Year,Three-Year,Five-Year,Seven-Year],[1,33.33%,20.00%,14.29%
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