NewTech purchases computer equipment for $269,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $32,000.

Required information [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $269,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $32,000. d Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) Depreciation for the Period End of Period Beginning- Year Year Book Depreciation Annual Accumulated Year-End Value Rate Depreciation Depreciation Book Value Year 1 $ 269,000 50% ~ $ 134,500 ~ $ 134,500 $ 134,500 Year 2 134,500 50% 67,250 201,750 67,250 Year 3 67,250 50% 33,625 V 235,375 33,625 Year 4 33,625 50% 16,812 X 252, 187 X 16,812 X Total $ 252, 187 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted