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Hi, I did some of the probelms but couldn't finish it, could you complete all of it? Required information [The following information applies to the
Hi, I did some of the probelms but couldn't finish it, could you complete all of it?
Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $243,400 for equipment that will last five years and have a $44,100 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,000 annually, after deducting all expenses except depreciation Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation. (Enter all amounts positive values.) Income Before Depreciation Net (Pretax) Depreciation Expense Income Year 1 Year 2 Year 3 Year 4 Year 5 Totals 89,000 $ 39,860 89,000 89,000 89,000 89,000 39.860 39,860 39.860 39,860 $ 445,000 $ 199,300S 0
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