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Please help me solve this problem in Excel of possible: Table 10.7 is shown below A piece of newly purchased industrial equipment costs ( $

Please help me solve this problem in Excel of possible: Table 10.7 is shown below

image text in transcribedimage text in transcribed A piece of newly purchased industrial equipment costs \\( \\$ 982,000 \\) 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.) \\begin{tabular}{cccc} \\multicolumn{4}{c}{ Property Class } \\\\ \\hline Year & Three-Year & Five-Year & Seven-Year \\\\ \\hline 1 & \33.33 & \20.00 & \14.29 \\\\ 2 & 44.45 & 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 \\\\ \\hline \\end{tabular}

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