Compute the straight line depreciation for equipment for each year with a cost of $150,000,...

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Accounting

Compute the straight line depreciation for equipment for each year with a cost of $150,000, a 5-year useful life, and a $5,000 salvage value.
\table[[Depreciation Expense Computation: Straight line,],[$150,000 cost; 5-year useful life; $5,000 salvage value,,],[Year #,Annual Depreciation,Remaining Balance],[Beginning Balance =,,],[1,,],[2,,],[3,,],[4,,]]
Now, Set up a purchase scenario of your own and compute the depreciation with and without salvage value. Create a chart here:
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