$!$

Required information

Port $2$ of $2$

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

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

$2\mathrm{.}5$

points

Tory Enterprises pays $$239,400$ for equipment that will last five years and have a $$43,700$ salvage value. By using the equipment in its operations for five years, the company expects to earn $$88,600$ 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.

Complete this question by entering your answers in the tabs below.

$\left[\begin{array}{cc}\{\begin{array}{ccc}\text{:}[& \text{D}\text{e}\text{p}\text{r}\text{e}\text{c}\text{i}\text{a}\text{t}\text{i}\text{o}\text{n}& ]\\ & \text{S}\text{c}\text{h}\text{e}\text{d}\text{u}\text{l}\text{e}& \end{array}& \{\begin{array}{ccc}\text{:}[& \text{I}\text{n}\text{c}\text{o}\text{m}\text{e}& ]\\ & \text{C}\text{o}\text{m}\text{p}\text{u}\text{t}\text{a}\text{t}\text{i}\text{o}\text{n}& \end{array}\end{array}\right]$

Calculate annual depreciation expenses using double$-$declining$-$balance method. Note: Round Annual Depreciation to the nearest whole dollar.

$\backslash$table$[[$Year$,$Depreciation for the Period,End of Period$],[\backslash$table$[[$Beginning of$],[$Period Book$],[$Value$]],\backslash$table$[[$Depreciation$],[$Rate$]],$Dep,$\backslash$table$[[$nnual$],[$reciation$]],\backslash$table$[[$Accumulated$],[$Depreciation$]],$Book Value$],[$Year $1,239,400,40\%,$$$,95,760,,$$ $143,640],[$Year $2,143,640,40\%,,57,456,,86,184],[$Year $3,86,184,40\%,,34,473,,51,710],[$Year $4,51,710,40\%,,20,684,,31,026],[$Year $5,31,026,40\%,,12,410,,18,616],[$Total$,,,$$$,220,783,,]]$