Computation of annual depreciation

Reference no: EM1310870

Computation of Annual Depreciation and Book Value at the end of life of the equipment and classified as seven-year property under MACRS.

A piece of newly purchased industrial equipment costs $925,000 and is classified as seven-year property under MACRS, calculate the annual depreciation allowances and end-of-the-year book values for this equipment.

Reference no: EM1310870

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