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In early January 2015, Lab Tech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipment's

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In early January 2015, Lab Tech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipment's residual value at $30,000. Prepare a table showing depreciation and carrying amount for each of the four years assuming double- declining-balance depreciation. (Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" and "%" signs in your response.) Beginning-year Carrying Amount $ 147,000 Depreciation Rate Annual Depreciation $ Year-End Carrying Amount % Year 2015 2016 2017 2018 30000 Total Farha Co. purchases a machine for $11,500, terms 2/10, n/60, FOB shipping point. The seller prepaid the $260 freight charges, adding the amount to the invoice and bringing its total to $11,760. The machine requires special steel mounting and power connections costing $795. Another $375 is paid to assemble the machine and get it into operation. In moving the machine to its steel mounting, $190 in damages occurred. Materials costing $30 are used in adjusting the machine to produce a satisfactory product. The adjustments are normal for this machine and are not the result of the damages. Compute the cost recorded for this machine. (Farha pays for this machine within the cash discount period.) (Omit the "S" sign in your response.) Cost recorded

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