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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.

[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 equipments salvage value at $26,000. Exercise 8-7 (Algo) Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

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