Tory Enterprises pays $$245,400$ for equipment that will last five years and have a $$44,300$ salvage value. By using the

equipment in its operations for five years, the company expects to earn $$89,200$ annually, after deducting all expenses

except depreciation.

Exercise $8-10($Algo$)$ Double$-$declining$-$balance depreciation LO P$1$

Calculate annual depreciation expense using double$-$declining$-$balance method.

Prepare a table showing income before depreciation, depreciation expense, and net $($pretax$)$ income for each year and for the total

five$-$year period, assuming double$-$declining$-$balance depreciation is used.

Answer is not complete.

Complete this question by entering your answers in the tabs below.

Depreciation

Schedule

Income

Computation

Prepare a table showing income before depreciation, depreciation expense, and net $($pretax$)$ income for each year and for the

total five$-$year period, assuming double$-$declining$-$balance depreciation is used.

Note: Net loss should be entered with a minus sign.