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[The following information applies to the questions displayed below.] In early January 2017, NewTech purchases computer equipment for $260,000 to use in operating activities for

[The following information applies to the questions displayed below.] In early January 2017, NewTech purchases computer equipment for $260,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $28,000.

Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

Straight-Line Depreciation
Choose Numerator: / Choose Denominator: = Annual Depreciation Expense
Cost minus salvageselected answer correct / Estimated useful life (years)selected answer correct = Depreciation expense
not attempted / not attempted = 0
Year Annual Depreciation Year-End Book Value

2017 $58,000selected answer correct $202,000selected answer correct
2018 58,000selected answer correct 144,000selected answer correct
2019 58,000selected answer correct 86,000selected answer correct
2020 58,000selected answer correct 28,000selected answer correct
Total $232,000

Need help filling this out correctly it says it wasn't fully correct

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
2017 $260,000selected answer correct 50%selected answer correct $130,000selected answer correct not attempted $130,000selected answer correct
2018 130,000selected answer correct 50%selected answer correct 65,000selected answer correct not attempted 65,000selected answer correct
2019 65,000selected answer correct 50% not attempted not attempted not attempted
2020 50% not attempted not attempted not attempted
Total $195,000

--Also really need help finishing this chart, thank you!

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