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Tory Enterprises pays $249,400 for equipment that will last five years and have a $44,700...

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Accounting

Tory Enterprises pays $249,400 for equipment that will last five years and have a $44,700 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,600 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. (Enter all amounts positive values.)

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Income Before Depreciation Net (Pretax) Depreciation Expense Income Year 1 Year 2 Year 3 Year 4 Year 5 Totals

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