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Required information [ The following information applies to the questions displayed below. ] Tory Enterprises pays $ 2 4 6 , 4 0 0 for

Required information
[The following information applies to the questions displayed below.]
Tory Enterprises pays $246,400 for equipment that will last five years and have a $44,400 salvage value. By using the
equipment in its operations for five years, the company expects to earn $89,300 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.
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