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Required information [The following information applies to the questions displayed below.] In early January 2018, NewTech purchases computer equipment for $158,000 to use in operating
Required information [The following information applies to the questions displayed below.] In early January 2018, NewTech purchases computer equipment for $158,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $26,000. Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts as positive values.) Year Answer is complete but not entirely correct. Depreciation for the Period End of Period Beginning- Year Book Depreciation Annual Accumulated Year-End Value Rate Depreciation Depreciation Book Value 158,000 50% $ 79,000 79,000 79,000 79,000 50% 39,500 118,500 39,500 39,500 50% 19,750 138,250 39,500 39,500 138,250 39,500 $ 138,250 2018 EA $ 2019 2020 2021 Total
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