exercise 8-8 double declining-balance depreciation LO P1

Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) NewTech purchases computer equipment for $266,000 to use in operating activities for the next four years. It estimates the equipment's salvage volue at $27,000. Exercise 8-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation (Enter all amounts positive values.) End of Period Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation Accumulated Depreciation Year-End Book Value Year Year 1 Year 2 Year 3 Year 4 Total