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Required information The following information applies to the questions displayed below.) Tory Enterprises pays $242,400 for equipment that will last five years and have a $44,000 salvage value. By using the equipment in its operations for five years, the company expects to earn $88,900 annually, after deducting all expenses except depreciation 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 total five-year period, assuming double-declining balance depreciation is used. Complete this question by entering your answers in the tabs below. Depreciation Income Schedule Computation Calculate annual depreciation expenses using double-declining-balance method. (Round Annual Depreciation to the nearest whole dollar) End of Period Year Depreciation for the Period Beginning of Period Book Depreciation Annual Value Rate Depreciation Accumulated Depreciation Book Value Year 1 Year 2 Required information ve-year per uuuure vyvo LEUCM CLIQUUS uacu Complete this question by entering your answers in the tabs below. Depreciation Income Schedule Computation Calculate annual depreciation expenses using double-declining-balance method. (Round Annual Depreciation to the nearest whole dollar.) End of Period Year Depreciation for the Period Beginning of Depreciation Annual Period Book Value Rate Depreciation Accumulated Depreciation Book Value Year 1 Year 2 Year 3 Year 4 Year 5 Total DI Income Computation > veyco pevu, QURITY VIVELIHYVINILE VEPIELIQUORI I useu. Complete this question by entering your answers in the tabs below. Depreciation Income Schedule Computation 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 depreciation is used. (Net loss should be entered with a minus sign.) Income Before Depreciation Net (Pretax) Depreciation Expense Income (Loss) Year 1 Year 2 Year 3 Yaar 4 Year 5 Totals

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