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Required information [The following information applies to the questions displayed below.j In early January 2017, NewTech purchases computer equipment for $265,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $29,000 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) Depreciation for the Period End of Period Beginning-Year Depreciatio Accumulated Depreciation Depreciation Book Value Annual Year-End Year Book Value Rate 2017 $ 2018 2019 2020 Total 265,000 132,500 66,250 33,125 50% $ 132.500 $ 132.500 $ 132.500 50% 50% 50% 66,250 33,125 16,563 $ 248,438 66,250 33,125 16,563 66,250 33,125 16,563