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! Required information [ The following information applies to the questions displayed below. ] Tory Enterprises pays $ 2 3 8 , 4 0 0

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Tory Enterprises pays $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation.
Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation is used.
\table[[,\table[[Income Before],[Depreciation]],\table[[Depreciation],[Expense]],\table[[Net (Pretax)],[Income]]],[Year 1,$,88,500,,],[Year 2,,88,500,,],[Year 3,,88,500,,],[Year 4,,88,500,,],[Year 5,,88,500,,],[Totals,$,442,500,$,$
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