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WP Mid-Term Exam X WP Question 7 of 12 - Mid-Term Exa X Dashboard X + V X C education.wiley.com/was/ui/v2/assessment-player/index.html?launchld=09042f82-874b-4d10-9767-794bb2587ce5#/question/6 Question 7 of 12 - 15 5 : View Policies Current Attempt in Progress Sarasota Limited purchased a new computer system for $155,000. It is estimated that the computer will have a $12,060 residual value at the end of its five-year useful service life. The double-diminishing-balance method of depreciation will be used Prepare a depreciation schedule that shows the annual depreciation expense on the computer system for its five-year life. (Hint: It might require an adjustment in the final year of depreciating an asset in order for the carrying amount to equal the residual value.) (Round answers to O decimal places, e.g. 5,275.) Carrying Amount Annual Beginning Depreciation Depreciation Accumulated Year of year Rate Expense Depreciation 1 $ N w % eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer 11 . C Q Search ENG 11:21 AM Mostly sunny UK 10/17/2023