Question: use the same numbers for the second / third parts! Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $251,400
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Required information [The following information applies to the questions displayed below.] Tory Enterprises pays $251,400 for equipment that will last five years and have a $44,900 salvage value. By using the equipment in its operations for five years, the company expects to earn $89,800 annually, after deducting all expenses except depreciation. Drepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total ive-year period, assuming straight-line depreciation is used. Complete this question by entering your answers in the tabs below. Calculate annual depreciation expenses using double-declining-balance method. Note: Round Annual Depreciation to the nearest whole dollar. Calculate annual depreciation expense using double-declining-balance method. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the five-year period, assuming double-declining-balance depreciation is used. Complete this question by entering your answers in the tabs below. Prepare a table showing income before depreciation, depreciation expense, and net (pretax) income for each year and for the total five-year period, assuming double-declining-balance depreclation is used. Note: Net loss should be entered with a minus sign
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