Question

Required Information Use the following information for the Exercises below. [The following information applies to the questions displayed below) In early January 2017, NewTech purchases computer equipment for $256,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $21,000. 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.) Depreciation for the Period End of Period Year Beginning-Year Depreciation Book Value Rate Annual Depreciation Accumulated Depreciation Year-End Book Value 2017 2018 2010 2020 Total $

Answer 1

	Depreciation for the period			End of Period
	Beginning year book value	Depreciation rate	Annual Depreciation	Accumulated Depreciation	Year end book value
2017	256000	50%	128000	128000	128000
2018	128000	50%	64000	192000	64000
2019	64000	50%	32000	224000	32000
2020	32000	50%	11000	235000	21000
Total			235000