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NewTech purchases computer equipment for $256,000 to use in operating activities for the next four...

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Accounting

NewTech purchases computer equipment for $256,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $21,000.
Exercise 8-7(Algo) Straight-line depreciation LO P1
Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.
\table[[Straight-Line Depreciation],[Choose Numerator:,1,Choose Denominator:,=,Annual Depreciation Expense],[t,1,,=,Depreciation expense],[,1,,=,],[Year,,Annual Depreciation,,Year-End Book Value],[Year 1,,,,],[Year 2,,,,],[Year 3,,,,],[Year 4,,,,],[Total,,,,]]
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