Question: Table 9.7 Modified ACRS depreciation allowances Property Class Year 3-Year 5-Year 7-Year 1 33.33% 20.00% 14.29% 44.45 32.00 24.49 2345678 14.81 19.20 17.49 7.41

Table 9.7 Modified ACRS depreciation allowances Property Class Year 3-Year 5-Year 7-Year

Table 9.7 Modified ACRS depreciation allowances Property Class Year 3-Year 5-Year 7-Year 1 33.33% 20.00% 14.29% 44.45 32.00 24.49 2345678 14.81 19.20 17.49 7.41 11.52 12.49 11.52 8.93 5.76 8.92 8.93 4.46 L A piece of newly purchased industrial equipment costs $1,040,000 and is classified as seven-year property under MACRS (MACRS Schedule). Calculate the annual depreciation allowances and end-of-the-year book values for this equipment. year 1 2 3 4 5 6 7 8 Beginning book value Depreciation allowance Ending book value

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