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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 $267,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Exercise 10-8 (Algo) Double-declining-balance depreciation LO P1 a 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.) Year Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation End of Period Accumulated Year-End Depreciation Book Value Year 1 Year 2 Year 3 Year 4 Total