9 Part 1 of 2 3 points 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 $261,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. 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. Answer is not complete. Straight-Line Depreciation Choose Numerator: Cost minus salvage Choose Denominator: Annual Depreciation Expense Estimated useful life (years) Depreciation expense $ 231,000/ 57,750 Year Annual Depreciation Year-End Book Value Year 1 $ 57,750 Year 21 57,750 Year 3 57,750 Year 4 57,750 Total $ 231,000