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NewTech purchases computer equipment for $258,000 to use in operating activitles for the next four years. It estimates the equipment's salvage value at $26,000 Prepare
NewTech purchases computer equipment for $258,000 to use in operating activitles for the next four years. It estimates the equipment's salvage value at $26,000 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts as positive values.) Year Year 1 Year 2 Year 3 Year 4 Total Depreciation for the Period End of Period Beginning-Year Depreciation Annual Accumulated Year-End Book Value Rate Depreciation Depreciation Book Value $ 258,000 50% $ 129,000 $ 129,000 120.000 50% 64,500 64,500 64,500 50% 32,250 32,250 32.250 50% 0 $ 225,750
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