help

11 Return to question Part 2 of 2 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 $260,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $28,000. 6.25 points Exercise 8-8 (Algo) Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining balance depreciation (Enter all amounts as positive values.) Dar Beginning Year Book Value Depreciation Rate 50% Bar 1 bar 2 Bar 3 bar 4 stal $ 260,000 130,000 65,000 50% Year- Annual Accumulated End Depreciation Depreciation Book Value 130,000$ 130,000 130.000 65,000 195,000 65,000 32,500 25000 32,500 16,250% 243,750 50% 32,500 50%