2 Required information Part 1 of 2 Use the following information for the Exercises below. [The following information applies to the questions displayed below.] 12.5 points NewTech purchases computer equipment for $272,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $20,000. 02:36:33 Exercise 8-7 Straight-line depreciation LO P1 eBook Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Hint Choose Numerator: 1 Choose Denominator: Annual Depreciation Expense Print 1 Depreciation expense Year Annual Depreciation Year-End Book Value References Year 1 Year 2 Year 3 Year 4 Total