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Part $2$ of $2$

Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

Tory Enterprises pays $$241,400$ for equipment that will last five years and have a $$43,900$ salvage value. By

using the equipment in its operations for five years, the company expects to earn $$88,800$ annually, after

deducting all expenses except depreciation.

Exercise $8-10($Algo$)$ Double$-$declining$-$balance depreciation LO P$1$

Calculate annual depreciation expense using double$-$declining$-$balance method.

Prepare a table showing income before depreciation, depreciation expense, and net $($pretax$)$ income for each year and

for the total five$-$year period, assuming double$-$declining$-$balance depreciation is used.

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Depreci... Income Schedule Comput...

Calculate annual depreciation expenses using double$-$declining$-$balance method.

Note: Round Annual Depreciation to the nearest whole dollar.