A piece of newly purchased industrial equipment costs $968,000 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.) Year Beginning Book Value Depreciation Ending book Value 1 $ 968000 $ 138327.2 $ 829672.90 2 $ 829672.8 $ 237063.2 $ 592609.6 3 $ 592609.6 $ 169303.2 $ 423306.4 4 $ 423306.4 $ 120903.2 $ 302403.2 5 $ 302403.2 $ 86442.4 $ 215960.8 6 $ 215960.8 $ 86345.6 $ 129615.2 7 $ 129615.2 $ $ 8 $ $ $ 0