14:04 book Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below] NewTech purchases computer equipment for $264,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $28,000. Exercise 8-7 (Algo) Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. D Straight-Line Depreciation "Hin Choose Numerator: Choose Denominator: Annual Depreciation Expense Depreciation expense ferences Year Year 1 Year 21 Annual Depreciation Year-End Book Value Year 31 Year 4 Total