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Prepare depreciation schedule showing depreciation expense

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Reference no: EM132720867

Problem - A computer was purchased on January 1 at a cost of $5,000. It has an estimated useful life of five years and an estimated salvage value of $500. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.

Reference no: EM132720867

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