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On January 1 of the current year, the Nicholas Nguyen Company purchased equipment for $130,000. The equipment has an estimated useful life of 5 years
On January 1 of the current year, the Nicholas Nguyen Company purchased equipment for $130,000. The equipment has an estimated useful life of 5 years and an estimated salvage value of $15,000. Complete the depreciation schedule below. Each formula in column D must include the DDB function. The comparative income statements of Nicholas Nguyen Company follow. Calculate trend perconts for alt components of the income statements using 2022 as the base year. Each formula must include the ROUND function, rounding all percents to 2 decimal places. (XXX%)
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