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Required information [The following information applies to the questions displayed below.) In early January 2017 NewTech purchases computer equipment for $266,000 to use in operating

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Required information [The following information applies to the questions displayed below.) In early January 2017 NewTech purchases computer equipment for $266,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $27,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation. (Enter all amounts positive values.) Depreciation for the Period End of Period Year Beginning-Year Depreciation Book Value Rate Annual Depreciation Accumulated Depreciation Year-End Book Value 2017 2018 2019 2020 266,000 131.000 65,500 131,000% 65.5009 131.000% 131,000% Total

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