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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