NewTech purchases computer equipment for $260,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $28,000. Exercise 8-8 (Algo) Double-declining-balance depreciation LO P1 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.) Depreciation for the Period End of Period Year Beginning-Year Depreciation Book Value Rate Annual Depreciation Accumulated Depreciation Year-End Book Value Year 1 $ 260,000 50% Year 2 50% Year 3 50% Year 4 50% Total $