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Prepare a table showing depreciation and book value

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Reference no: EM131533914

Question: Refer to the information in Exercise. Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation.

Exercise: In early January 2011, LabTech purchases computer equipment for $147,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

Reference no: EM131533914

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