In early January 2009, Sanchez Builders purchases equipment for $102,000 to use in operating activities for the next five years. It estimates the equipment's salvage value at $21,000.
Required: Prepare a table showing depreciation and book value for each of the five years assuming straight-line depreciation.
Year Annual Depreciation Year-End Book Value
2009
2010
2011
2012
2013
Total