Exercise 8-5 Double-declining-balance depreciation LO P1

In early January 2013, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $25,000.

Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation.

2013

2014

2015

2016

total

rev: 04_30_2013_QC_30042