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A high-precision programmable router for shaping furniture components is purchased by Henredon for $175,000. It is expected to last 12 years and have a salvage
A high-precision programmable router for shaping furniture components is purchased by Henredon for $175,000. It is expected to last 12 years and have a salvage value of $10,000. Calculate the depreciation deduction and book value for each year.
Use declining balance depreciation using a rate that ensures the book value equals the salvage value.
EOY | Depreciation Deduction | Book Value |
---|---|---|
0 | ||
1 | $enter a dollar amount | $enter a dollar amount |
2 | $enter a dollar amount | $enter a dollar amount |
3 | $enter a dollar amount | $enter a dollar amount |
4 | $enter a dollar amount | $enter a dollar amount |
5 | $enter a dollar amount | $enter a dollar amount |
6 | $enter a dollar amount | $enter a dollar amount |
7 | $enter a dollar amount | $enter a dollar amount |
8 | $enter a dollar amount | $enter a dollar amount |
9 | $enter a dollar amount | $enter a dollar amount |
10 | $enter a dollar amount | $enter a dollar amount |
11 | $enter a dollar amount | $enter a dollar amount |
12 | $enter a dollar amount | $enter a dollar amount |
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