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Use the following information for the Exercises below. The following information applies to the questions displayed below. In early January 2017, NewTech purchases computer equipment

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Use the following information for the Exercises below. The following information applies to the questions displayed below. In early January 2017, NewTech purchases computer equipment for $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation Entr amounts positive values.) Depreciation for the Period End of Period Beginning-Year DepreciationAnnual Accumulated Year-End Year Book Value Rate Depreciation DepreciationBook Value 2017 2018 2019 2020 Total

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