NewTech purchases computer equipment for $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-7 (Algo) 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: Estimated useful life (years) Annual Depreciation Expense Depreciation expense $ 59,750 11 4 11 Year-End Book Value Year Year 1 Year 2 Year 3 Cost minus salvage $ 239.000 Annual Depreciation $ 59,750 59,750 59.750 59,750 239,000 Year 4 Total