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In early January 2015, NewTech purchases computer equipment for $160,000 to use in operating activities for the next four years. It estimates the equipment's salvage

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In early January 2015, NewTech purchases computer equipment for $160,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $33,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: II Annual Depreciation Expense II Depreciation expense II Year Annual Depreciation Year-End Book Value 2015 2016 2017 2018 Total Exercise 8-8 Double-declining-balance depreciation LO P1 In early January 2015, NewTech purchases computer equipment for $192,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $45,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining- balance depreciation. Double-declining-balance depreciation Depreciation for the Period End of Period Year Beginning-Year Depreciation Book Value Rate Annual Depreciation Accumulated Year-End Book Depreciation Value 2015 2016 2017 2018 Total

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