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what are the corrections? 6 rt 1 of 2 nts Return to question Required information [The following information applies to the questions displayed below.] Tory
what are the corrections?
6 rt 1 of 2 nts Return to question Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $255,400 for equipment that will last five years and have a $45,300 salvage value. By using the equipment in its operations for five years, the company expects to earn $90,200 annually, after deducting all expenses except depreciation. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming straight-line depreciation is used. > Answer is complete but not entirely correct. Income Before Depreciation Depreciation Net (Pretax) Income Expense $ 90,200 $ Year 1 Year 2 90,200 Year 3 90,200 Year 4 90,200 Year 5 90,200 Totals $ ! 451,000 102,160 $ 61,296 x 36,778 X 9,866 X $ 210,100 $ (11,960) X 28,904 X 53,422 X 80,334 x 90,200 x 240,900Step by Step Solution
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