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Double-declining-balance depreciation In early January 2016, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the
Double-declining-balance depreciation
In early January 2016, 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 a table showing depreciation and book value for each of the four years assuming double- declining-balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Accumulated Depreciation Depreciation Book Value Beginning-Year Depreciation Annual Year-End Year Book Value Rate 2016 2017 2018 2019 Total 50% 50% 50% 50%Step by Step Solution
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