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    Calculating Depreciation

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    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-year book values for this equipment.

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    https://brainmass.com/economics/finance/annual-depreciation-allowances-year-book-values-306323

    Solution Summary

    Response provides steps for computing depreciation.

    $2.19