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Required information [The following information applies to the questions displayed below.) NewTech purchases computer equipment for $262,000 to use in operating activities for the next
Required information [The following information applies to the questions displayed below.) NewTech purchases computer equipment for $262,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $21,000. 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 Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation Year Year-End Book Value Accumulated Depreciation + Year 1 $ Year 2 262,000 201.750 141,500 Year 3 Year 4 $ Total
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