In early January 2016, NewTech purchases computer equipment for $187,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $38,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. - Cost minus salvage I Estimated useful life (years) -s14eoool_ mI -I -I mI -I Depreciation expense $ 37,250