Problem $10-6$ Calculating Depreciation $[$LO$1]$

A piece of newly purchased industrial equipment costs $$983,000$ and is classified as

seven$-$year property under MACRS. The MACRS depreciation schedule is shown in Table

$10\mathrm{.}7.$ 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$.,$

$32\mathrm{.}16.)$