In early January 2017, NewTech purchases computer equipment for $273,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $26,000.

rev: 07_27_2017_QC_CS-94103

Exercise 8-7 Straight-line depreciation LO P1

Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation.