NewTech purchases computer equipment for $261,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Exercise 8-8 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 positive values.) > Answer is complete but not entirely correct. Year Depreciation for the Period End of Period Beginning- Year Book Depreciation Annual Accumulated Year-End Rate Value Depreciation Depreciation Book Value $ 261,000 50% 130,500 $ 130,500 $ 130,500 130,500 50% 65,250 195,750 65,250 Year 1 1 Year 2 Year 3 Year 4 Total 65,250 50% 32,625 228,375 32,625 32,625 50% 16,313 X 244,688 X 16,313 244,688