In early January 2017, NewTech purchases computer equipment for $262,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $21,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Annual Depreciation Expense Choose Numerator Choose Denominator: Cost minus salvage Estimated useful life (years) Depreciation expense $ 60,250 241,000 4 - Year Annual Depreciation Year-End Book Value $ 2017 60,250 2018 2019 2020 Total 60,250