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Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) In early January 2017, NewTech purchases
Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) In early January 2017, NewTech purchases computer equipment for $268,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Exercise 10-8 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 Accumulated Year-End Depreciation Book Value Year Beginning-Year Depreciation Book Value Rate $ $ $ Annual Depreciation $ 134,000 67,000 33,500 2017 2018 2019 2020 268,000 134,000| 67,000 33,500 67.000 50% 50% 50% 50% 134,000 201,000 234,500 33.500 30 000 Total $ 234,500 e
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