A piece of newly purchased industrial equipment costs $983,0

A piece of newly purchased industrial equipment costs $983,0

A piece of newly purchased industrial equipment costs $983,000 and is classified as seven-year p… Show more 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 10.7. 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. Round your answers to 2 decimal places. (e.g., 32.16)) Year Beginning Book Value Depreciation Ending book Value 1 $ $ $ 2 $ $ $ 3 $ $ $ 4 $ $ $ 5 $ $ $ 6 $ $ $ 7 $ $ $ 8 $ $ $ • Show less

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