Question: NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $25,000. Prepare

NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $25,000.

Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation.

Year

Depreciation for the Period

End of Period

Beginning-Year Book Value

Depreciation Rate

Annual Depreciation

Accumulated Depreciation

Year-End Book Value

Year 1

Year 2

Year 3

Year 4

Total

$0

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