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

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

rev: 07_27_2017_QC_CS-94103

Exercise 8-8 Double-declining-balance depreciation LO P1

Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.)

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