exercise 8-7 In early January 2015, NewTech purchases computer equipment...

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Accounting

exercise 8-7
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In early January 2015, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation

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