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Calculate the annual depreciation allowances and

A piece of newly purchased industrial equipment costs $1,130,000 and is classified as seven-year property under MACRS. The MACRS depreciation schedule is shown in MACRS Table.

Required:

Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. (Do not round intermediate calculations. Leave no cells blank. Enter "0" when necessary.)

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Accounting Basics: Calculate the annual depreciation allowances and

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