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Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $265,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $29,000. 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. Note: Enter all amounts as positive values. Answer is complete and correct. \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Straight-Line Depreciation } \\ \hline \begin{tabular}{l} Choose \\ Numerator: \end{tabular} & 1 & Choose Denominator: & = & ciation \\ \hline Cost minus salvage O & 1 & Estimated useful life (years) & = & ense \\ \hline 236,000 & 1 & 40 & = & 59,000 \\ \hline Year & & Annual Depreciation & & alue \\ \hline Year 1 & $ & 59,000 & $ & 206,000 \\ \hline Year 2 & & 59,000 & & 147,0000 \\ \hline Year 3 & & 59,000 & & 88,0000 \\ \hline Year 4 & & 59,000 & & 29,0000 \\ \hline Total & $ & 236,000 & & \\ \hline \end{tabular}