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Required information [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $261,000 to use in operating activities for the next
Required information [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $261,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) End of Period Year Accumulated Depreciation Year-End Book Value Year 1 Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation $ 261,000 50% 50% 50% 50% Year 2 Year 3 Year 4 Total
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