Question: NewTech purchases computer equipment for $264,000 to use in operating activities for the next four years. Its estimates the equipment is salvage value at $28,000.

NewTech purchases computer equipment for $264,000 to use in operating activities for the next four years. Its estimates the equipment is salvage value at $28,000.

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. Beginning- year value Depreciation rate.

year 1

year 2

year 3

year 4

End of period

Accumulated depreciation

Year end book value.

please give a clear answer , no confusion please thank you. ASAP

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