Calculate the annual depreciation allowances

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Reference no: EM13934954

A piece of newly purchased industrial equipment costs $966,000 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 $ $ $

Reference no: EM13934954

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