In early January 2015, New Tech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $25,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

Year Beginning Book Value Annual Depreciation Year-end Book Value

2013 (Cost) $154,000

2014

2015

2016 $25,000 (Salvage)

Total