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! Required information Part 1 of 2 Use the following information for the Exercises below. ( Algo ) [ The following information applies to the

!
Required information
Part 1 of 2
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 8-9(Algo) Straight-line depreciation and income effects LO P1
Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and
for the total five-year period, assuming straight-line depreciation is used.
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