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[ The following information applies to the questions displayed below. ] NewTech purchases computer equipment for $ 2 7 3 , 0 0 0 to

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[The following information applies to the questions displayed below.]
NewTech purchases computer equipment for $273,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $26,000.
Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.
\table[[Straight-Line Depreciation],[Choose Numerator:,I,Choose Denominator:,=,\table[[Annual Depreciation],[Expense]]],[,I,4,=,Depreciation expense],[r,1,,=,i],[Year,,Annual Depreciation,,Year-End Book Value],[Year 1,,,,7],[Year 2,,,,],[Year 3,P,I,,],[Year 4,,,,],[Total,,,,]]
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