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NewTech purchases computer equipment for $255,000 to use in operating activities for the next four years....

NewTech purchases computer equipment for $255,000 to use in operating activities for the next four years. It estimates the equipment’s salvage value at $20,000.

Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.)

Depreciation for the Period End of Period
Year Beginning-Year Book Value Depreciation Rate Annual Depreciation Accumulated Depreciation Year-End Book Value
Year 1 $255,000
Year 2
Year 3
Year 4
Total $0

  


  

Depreciation for the PeriodEnd of PeriodYearBeginning-Year Book ValueDepreciation RateAnnual Depreciation Accumulated DepreciationYear-End Book ValueYear 1$255,000Year 2Year 3Year 4Total$0

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