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Required information [The following information applies to the questions displayed below.) Tory Enterprises pays $238,400 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 $238,400 for equipment that will last five years and have a $43,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,500 annually, after deducting all expenses except depreciation. Calculate annual depreciation expenses using double-declining-balance method. (Enter all amounts positive values.) Depreciation for the Period End of Period Beginning of Period Book Depreciation Annual Accumulated Book Value Value Rate Depreciation Depreciation Year Year 1 Year 2 Year 3 Year 4 Year 5 Total $ 0

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