Accounting

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On January 1 of the current year, the Revan Company purchased office machinery for $139,000. The office machinery has an estimated useful life of 5 years and an estimated salvage value of $4,000. Complete the depreciation schedule below.

Each formula in column D must include the SLN function.

Cost

$139,000

Salvage

$4,000

Life (in years)

5

Year

January 1 book value

Depreciation Expense

Accumulated Depreciation

December 31 book value

1

2

3

4

5