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Sum-of-the-Years'-Digits Depreciation A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an

Sum-of-the-Years'-Digits Depreciation

A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an estimated salvage value of $500.

Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the sum-of-the-years'- digits method. For intermediate calculations, do not round your depreciation rate value and round your final answers to the nearest dollar. Round percentage amounts to two decimal places.

Computer
Depreciation Schedule
On January 1
Year Depreciable Cost x Rate (%) = Depreciation ExpenseAccumulated Depreciation End of Year Book Value End of Year
1$$$$
2
3
4
5

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