In early january 2015 newtech purchases computer equipment, Ask an Expert

Accounting

In early January 2015, NewTech purchases computer equipment for $146,000 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.

I have the following
cost minus salvage=116000
estimated useful life(years)=4
annual depreciation expense= 29,000
2015-2018 annual depreciation = 29000
I am missin the year end book value for the following years 2015-2018
I am not sure how to calculate it.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91883274

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