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[The following information applies to the questions displayed below.] In early January 2018, NewTech purchases computer equipment for $154,000 to use in operating activities for

[The following information applies to the questions displayed below.]

In early January 2018, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $25,000.

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 End of Period
Year Beginning-Year Book Value Depreciation Rate Annual Depreciation Accumulated Depreciation Year-End Book Value
2018 $154,000 50% $77,000 $77,000 $77,000
2019 77,000 50% 38,500 115,500 38,500
2020 38,500 50% 13,500 129,000 25,000
2021 25,000 ? ? ?
Total $129,000

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