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[The following information applies to the questions displayed below.] NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $25,000.

rev: 07_27_2017_QC_CS-94103

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 Book Value	Depreciation Rate	Annual Depreciation	Accumulated Depreciation	Year-End Book Value
Year 1
Year 2
Year 3
Year 4
Total