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show and explain how to get the answers. Thank you Required information The following information applies to the questions displayed below In early January 2018,
show and explain how to get the answers. Thank you
Required information The following information applies to the questions displayed below In early January 2018, NewTech purchases computer equipment for $155,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $20,000. 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.) Depreciation for the Period of Period Beginning-Year Depreciation AnnualAccumulated Year-End Year Book Value Rate Depreciation Book Value 77,500 77 116,250 $ 155,000 5096 S 77,500 S 77,500 38,750 2019 2020 2021 Total 77.500 77,500Step by Step Solution
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