Question

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A piece of newly purchased industrial equipment costs $965,000 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. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) 10 points Year Beginning Book Value Depreciation Ending Book Value Print References

Here is the 10.7 table for completion of the table above

Answer 1

Macrs 7 Year 965000*rate year Beginning Book Value rate Depreciation Ending Book value 9,65,000.00 14.29% $1,37,898.50 $ 8,27, 101.50 8,27,101.50 24.49% $2,36,328.50 $ 5,90,773.00 5,90,773.00 17.49% $1,68,778.50 $ 4,21,994.50 4,21,994.50 12.49% $1,20,528.50 $ 3,01,466.00 3,01,466.00 8.93% $ 86,174.50 $ 2,15,291.50 2,15,291.50 8.92% $ 86,078.00 $ 1,29,213.50 1,29,213.50 8.93% $ 86,174.50 $ 43,039.00 43,039.00 4.46% $ 43,039.00 $