Please help me fill in the empty boxes.

A:

B:

Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.) NewTech purchases computer equipment for $273,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $26,000. 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.) Depreciation for the Period End of Period Year Beginning-Year Depreciation Book Value Rate $ Year 1 Year 2 273,000 136,500 68,250 50% 50% Annual Accumulated Year-End Depreciation Depreciation Book Value $ 136,500 $ 136,500 $ 136,500 68,250 68,250 48,250 87,750 Year 3 50% 87,750 50% 26,000 Year 4 Total $ 253,000 Required information Problem 8-6A (Algo) Disposal of plant assets LO C1, P1, P2 (The following information applies to the questions displayed below.) Onslow Co. purchased a used machine for $192,000 cash on January 2. On January 3, Onslow paid $10,000 to wire electricity to the machine and an additional $2,000 to secure it in place. The machine will be used for six years and have a $23,040 salvage value. Straight-line depreciation is used. On December 31, at the end of its fifth year in operations, it is disposed of. roblem 8-6A (Algo) Part 3 Prepare journal entries to record the machine's disposal under each separate situation: (a) it is sold for $22,000 ash and (b) it is sold for $88,000 cash. View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 Dec 31 Cash 22,000 Accumulated depreciation-Machinery Machinery 192,000