Exercise 8-7 Straight-line depreciation LO P1

Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation

Required information

Use the following information for the Exercises below.

[The following information applies to the questions displayed below.] In early January 2017, NewTech purchases computer equipment for $264,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $28,000.

rev: 07_27_2017_QC_CS-94103

Straight-Line Depreciation Choose Numerator: / Choose Denominator: = Annual Depreciation Expense / = Depreciation expense / = Year Annual Depreciation Year-End Book Value 2017 2018 2019 2020 Total