A piece of newly purchased industrial equipment costs $971,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in Table 10.7. Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Leave no cells blank be certain to enter "o" wherever required. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) Year Beginning Book Value Depreciation Ending Book Value 971,000.00 138,755.90$ 832,244.10 594,446.20 424,618.30 303,340.40 216,630.10 130,016.90 43,306.60 2 237,797.90 $ 169,827.90$ 21,277.90 86,710.30 $ 86,613.20 $ 86,710.30 $ 43,306.60 4