Question: In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipments salvage

In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipment’s salvage value at $30,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

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