NewTech purchases computer equipment for $257,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-7 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: 1 Choose Denominator: Beginning book value Annual Depreciation Expense Depreciation expense 0 Estimated useful life (years) / Year Annual Depreciation Year 1 | $ 128,500 Year 2 64,250 $ Year-End Book Value 128,500 64,250 Yaar? G4C GE