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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.
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. Note: Enter all amounts as positive values. Depreciation for the Period End of Period Year Beginning-Year Book Value Depreciation Rate Annual Accumulated Depreciation Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total $ 0
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