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Straight-Line Depreciation A computer was purchased on January 1 at a cost of $3,000. It has an estimated useful life of five years and an estimated salvage value of $300. Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.

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Straight-Line Depreciation

A computer was purchased on January 1 at a cost of $3,000. It has an estimated useful life of five years and an estimated salvage value of $300.

Prepare a depreciation schedule showing the depreciation expense, accumulated depreciation, and book value for each year under the straight-line method.

Computer
Depreciation Schedule
On January 1
Accumulated
Depreciation Book Value
Year Depreciable Cost x Rate (%) = Depreciation Expense
End of Year
End of Year
2
3
4
5
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Transcribed Image Text:Computer Depreciation Schedule On January 1 Accumulated Depreciation Book Value Year Depreciable Cost x Rate (%) = Depreciation Expense End of Year End of Year 2 3 4 5
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