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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 $262,000
Required information Use the following information for the Exercises below. 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. 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 End of Period Year Beginning-Year Depreciation Book Value Rate Annual Depreciation Accumulated Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total
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