Exercise $8-7$ Straight$-$line depreciation LO P$1$ Prepare a table showing depreciation and book value for each of the four years assuming straight$-$line depreciation. Year Year $1$ Year $2$ Year $3$ Year $4$ Total Straight$-$Line Depreciation Choose Numerator: $1$ Annual Depreciation Choose Denominator: Year$-$End Book Value $=$ Annual Depreciation Expense $=$ Depreciation expense $=$ Required information Use the following information for the Exercises below. $[$The following information applies to the questions displayed below.$]$ NewTech purchases computer equipment for $$268,000$ to use in operating activities for the next four years. It estimates the equipment's salvage value at $$30,000.$