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NewTech purchases computer equipment for $271000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000 Exercise
NewTech purchases computer equipment for $271000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000 Exercise 8-8 (Algo) Double-declining-balance depreciation LO P1 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.) End of Period Accumulated Year-End Depreciation Book Value Year Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation $ 271,000 50% Year 1 Year 2 Year 3 Year 4 Total $
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