The Asoka Machine Shop is evaluating the proposed acquisition of a new automated welding machine in 2019. The welding machine costs $160,000 and would cost another $15,000 to modify it for special use by the company. The welding machine has an estimated service life of five years with a salvage value of $45,000. With this machine, the firm will be able to generate additional annual revenues of $200,000. However, it requires a specially trained operator to run the machine. This will entail $60,000 in annual labor, $20,000 in annual material expenses, and another $10,000 in annual overhead (power and utility) expenses. It also requires an investment in working capital in the amount of $25,000, which will be recovered in full at the end of year 5. The welding machine falls into the seven-year MACRS class. Round to the nearest dollar for your answers.

If the company, uses the seven-year MACRS class, compute the yearly depreciation allowances and book values for the machine.