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is my information correct? 10. In early January 2013, NewTech purchases computer equipment for $180,000 to use in operating activities for the next four years.
is my information correct?
10. In early January 2013, NewTech purchases computer equipment for $180,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $39,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation Depreciation for the Period End of Period Year Period Book Depreciation Accumulated Depreciation Depreciation AnnualA Rate Book Value Value 2013 S 2014 2015 2016 Total 180,000 90,000 45,000 22,500 50% 50% 50% 45,000 22,500 19,500 177,000 90,000 90,0S 90,000 135,000 112,500 132,000 45,000 22,500 19,500 2
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