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On January 1 Take me to the text On January 1, 2021, Princess Restaurant purchased a new walk-in double freezer for $16,000. The freezer is

On January 1

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Take me to the text On January 1, 2021, Princess Restaurant purchased a new walk-in double freezer for $16,000. The freezer is expected to last 5 years and have no residual value. Princess Restaurant has a December 31 year end. Required Prepare the table below showing the yearly depreciation, accumulated depreciation, and net book value of the freezer Do not enter dollar signs or commas in the input boxes. Round your answers to the nearest whole number. Year Original Cost of Equipment Depreciation Expense Accumulated Depreciation Net Book Value 2021 16000 2022 16000 Incorrect Mark 0.00 out of 1.00 2023 16000 2024 16000 2025 16000

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