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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
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. (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 $ 977000 $ 837836.7 $ 598119.4 $ 4565521 $ 334524.8 $ 247278.7 $ 160130.3 $72884.2 AWN D epreciation $ 139613.3 $ 2392673 $ 1415673 $ 1220273 $ 87246.1 87148.4 $ 87246.11 43574.2 Ending book Value $ 837386.7 $ 598119.4 $ 4565521 $ 334524.8 $ 247278.7 $ 160130.3 $ 72884.2 $ 29310 AMA 00
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