Table 9.7 Modified ACRS depreciation allowances A piece of newly purchased industrial equipment costs $1,010,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Leave no cells blank. Enter " 0 " when necessary