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NewTech purchases computer equipment for $271,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare
NewTech purchases computer equipment for $271,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation. (Enter all amounts positive values.) Year Answer is complete but not entirely correct. Depreciation for the Period End of Period Beginning- Depreciation Annual Accumulated Year-End Year Book Book Rate Depreciation Depreciation Value Value 271,000 50% 135,500 $ 135,500 $ 135,500 135,500 50% 67,750 203,250 67,750 67,750 50% 33,875 237,125 33,875 Year $ 1 Year 2 Year 3 Year 4 Total 33,875 50% 254,063 25,000 16,937 254,062 $
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