Chapter 8 Assignment 5 Part 1 of 2 5 points eBook Hint References Saved Line Tollowing information applies to the questions displayed below] Tory Enterprises pays $248,400 for equipment that will last five years and have a $44,600 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,500 annually, after deducting all expenses except depreciation. Year 1 Year 2 Year 3 Year 4 Year 5 Totals Exercise 8-9 (Algo) Straight-line depreciation and income effects LO P1 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 is used. Income Before Depreciation Depreciation Expense Help Net (Pretax) Income Save & Exit Subr

Tory Enterpises pays $248,400 1or equipment that will last five years and have a $44,600 salvage value By using the equipment in its operations for five years, the company expects to eam $89,500 annually, after deducting all expenses except depreciation Exercise 8.9 (Algo) Straight-line depreciation and income effects LO P1 Prepare a table showing income before deprechation, depreciasion expense, and net (pretax) income for cach year and for the fotal five-year period, assuming straightlitie depreciation is used