A piece of newly purchased industrial equipment costs $1,120,000
and is classified as seven-year property under MACRS. The MACRS
depreciation schedule is shown in MACRS Table.
Calculate the annual depreciation allowances and end-of-the-year
book values for this equipment. (Do not include the dollar
signs ($). Enter rounded answers as directed, but do not use the
rounded numbers in intermediate calculations. Leave no cells blank.
You must enter "0" for the answer to grade correctly.)
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