A piece of newly purchased industrial equipment costs $972,000 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	$	$	$
2	$	$	$
3	$	$	$
4	$	$	$
5	$	$	$
6	$	$	$
7	$	$	$
8	$	$	$

MACRS TABLE

	PROPERTY CLASS
YEAR	THREE YEAR	FIVE YEAR	SEVEN YEAR
1	33.33%	20.00%	14.29%
2	44.25	32.00	24.49
3	14.81	19.20	17.49
4	7.41	11.52	12.49
5		11.52	8.93
6		5.76	8.92
7			8.93
8			4.46

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