On January.1 2017, CalTech purchases computer equi...
On January.1 2017, CalTech purchases computer equipment for $154,000 to use in operating activities for four years. It estimates the equipment's salvage value at $25,000. a. Prepare tables showing depreciation and book value for each of the four years assuming (1) straight-line and (2) double-declining-balance depreciation. b. Prepare the necessary December 31 adjusting journal entry to record depreciation for the year 2018 assuming the company uses (1) straight-line and (2) double-declining-balance depreciation.