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Required information [The following information applies to the questions displayed below] Tory Enterprises pays $256.400 for equipment that will last five years and have a

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Required information [The following information applies to the questions displayed below] Tory Enterprises pays $256.400 for equipment that will last five years and have a $45,400 salvage value. By using the equipment in its operations for five years, the company expects to eam $90,300 annually, after deducting all expenses except depreciation. Caiculate annual depreciation expenses using double-declining-balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the totai five-year period, assuming double-declining-balance depreciation. Complete this question by entering your answers in the tabs below. Calculate annual depreciation expenses using double-declining-balance method

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