In early January 2017, NewTech purchases computer equipment for $268,000 to use in operating activities for the next four years.

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Expert Solution

Straight line depreciation
	Choose numerator	/	Choose denominator	=	Annual Depreciation Expense
	Cost minus salvage value	/	Estimated useful life (Years)	=	Depreciation expense
	$238,000	/	4	=	$59,500
Year	Annual depreciation		Year-end book value
2017	$59,500		$208,500
2018	$59,500		$149,000
2019	$59,500		$89,500
2020	$59,500		$30,000

ekkarill92 answered 1 year ago

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