In early January 2007, NewTech purchases computer equipment for $154,000 to use in operating activities for the

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In early January 2007, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment’s salvage value at $25,000. Prepare tables showing depreciation and book value for each of the four years assuming (1) straight-line and (2) double-decliningbalance depreciation.

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