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Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] NewTech purchases computer equipment for
Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $259,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $27,000. Exercise 8-8 Double-declining-balance depreciation LO P1 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 Depreciation Rate End of Period Annual Accumulated Year-End Depreciation Depreciation Book Value Beginning-Year Year Book Value Year 1 Year 2 Year 3 Year 4 Total $ 0
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