A piece of newly purchased industrial equipment costs $975,000 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. Round your answers to 2 decimal places. (e.g., 32.16)) Ending Book Value Year Beginning Book Value 1 $ . $ Depreciation $ $ 00 OWN A A A A A A LA LA LA LA LA LA LA LA