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it View History Bookmarks People Window Help xConnesct re https:/ /newconnect.mheducation.com/flow/connect.html work Required information Use the following information for the Exercises below The following information applies to the questions displayed below) In earhy January 2017, NewTech purchases computer equioment for $261,000 to use in operating activities for the nesxt four years. It estimates the equipment's salvage value at $30,000. Exercise 8-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four yeers assuming straight-line depreciation. Annual Deprecia Choose Numerator:Choose Denominator Year-End Book 2017 2018 2019 2020 Total ">

Explanation / Answer

8-7) Straight line method dep :

8-8) Double decline balance dep :

Choose numerator / Choose denominator = Annual depreciation expense Depreciable cost / Useful life = Depreciation expense (261000-30000) / 4 = 57750 Year Annual depreciation Year end book value 2017 57750 203250 2018 57750 145500 2019 57750 87750 2020 57750 30000 Total 231000

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