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Required information [The following information applies to the questions displayed below.] NewTech...

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Accounting

Required information
[The following information applies to the questions displayed below.]
NewTech purchases computer equipment for $265,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $29,000.
Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. Note: Enter all amounts as positive values.
\table[[Year,Depreciation for the Period,End of Period],[\table[[Beginning-Year],[Book Value]],\table[[Depreciation],[Rate]],\table[[Annual],[Depreciation]],\table[[Accumulated],[Depreciation]],\table[[Year-End],[Book Value]]],[,,,,],[Year 2,,,,,],[Year 3,,,,,],[Year 4,,,,,],[Total,,,,,]]
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