Required information [The following information applies to the questions displayed below.) In early January 2018,...
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Required information [The following information applies to the questions displayed below.) In early January 2018, NewTech purchases computer equipment for $158,000 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 straight-line depreciation. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: Annual Depreciation Expense Depreciation expense $ 33,000 = Estimated useful life (years) 41 Year-End Book Value 125,000 Cost minus salvage $ 132,000 Year Annual Depreciation 2018 $ 33,000 2019 33,000 2020 33,000 2021 33,000 Total $ 132,000
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