NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Exercise 10-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense Cost minus salvage Estimated useful life (years) Depreciation expense 1 4 Year Annual Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total $ 0