A piece of newly purchased industrial equipment costs $977,000 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. FILL IN THE LAST BLANKS

Year Beginning Book Value Depreciation Ending Book Value 977,000.00 S 837,386.70 S 598,119.40$ 427,322.10 $ 305,294.80 S 218,048.70 $ 130,900.30 S 139,613.30r $ 239,267.30r$ 170,877.30 $ 122,027.30 $ 87,246.10 $ 837,386.70 598,119.40 427,322.10 305,294.80 218,048.70 130,900.30 4 87,148.40 $ 87,246.10