Question

Required information The following information applies to the questions displayed below] NewTech purchases computer equipment for $258,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $26,000 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 End of Period Accumulated Depreciation Year-End Book Value Annual Depreciation Beginning Year Book Value Depreciation: Rate Year Year 1 Year 2 Year 3 Year 4 Total

Answer 1

Solution's Giren data, New Tech purchases compter equipment for $ 258000, Salvage reale & 26000. Depreciation schedule a Depreciation for the period tror Beginning year Depreciation Annual Book Valve I rate depreciation End of period Accumulated year depreciation Books vahe 258 000 50%. 129000 501: .-d.no 129000 129.000 129000 '64 500 193500 64500 225750 32250 32250 16125 241875 16125 Gusoo 32950 501. Total 0241875