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I need help with the depreciation rate. Pls!!! ! Required information [The following information applies to the questions displayed below.] NewTech purchases computer equipment for
I need help with the depreciation rate. Pls!!!
! Required information [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $258,000 to use in operating activities for the next four years. It estimat the equipment's salvage value at $26.000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance deprecia Note: Enter all amounts as positive values. Year Year 1 Year 2 Year 3 Year & Depreciation for the Period Depreciation Rate Beginning. Year Book Value Answer is complete but not entirely correct. End of Period $ 258,000 129,000 64,500 12 250 1% 1% 1% 1% Annual Depreciation Accumulated Depreciation 129,000 S 64,500 32,250 7253 Year-End Book Value 129,000 $ 129,000 64,500 32,250 26 000 193,500 225,750 232 000 Step by Step Solution
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