NewTech purchases computer equipment for $270,000 to use in operating activities for the next four years. It estimates the equipments salvage value at $31,000.

Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation.

Required information [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $270,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $31,000. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation