A piece of newly purchased industrial equipment costs $985,000 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.) ok Value Depreciation 985,000.00 Ending Book Value Year r Beginning Bo 140,757.00 $ 844,244.00 2 7 Property Class Five-Year Three-Year 33.33% 44.45 14.81 7.41 Seven-Year 14.29% 24.49 17.49 12.49 8.93 8.92 8.93 4.46 Year 20.00% 32.00 19.20 11.52 11.52 5.76 3 4 6 8