Question
In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipments salvage
In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $30,000. |
Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.(Omit the "$" sign in your response.) |
Year | Annual Depreciation | Year-End Book Value |
2011 | $ | $ |
2012 | ||
2013 | ||
2014 | ||
Total | $ | |
In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $30,000. |
Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation.(Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" and "%" signs in your response.) |
Year | Beginning-year Book Value | Depreciation Rate | Annual Depreciation | Year-End Book Value | ||||
2011 | $ | % | $ | $ | ||||
2012 | ||||||||
2013 | ||||||||
2014 | ||||||||
Total | $ | |||||||
|
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