Required Information [The following Information applies to the questions displayed below.] 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. Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Choose Numerator: Straight-Line Depreciation Choose Denominator: Annual Depreciation Expense Cost minus salvage Estimated useful life (years) = Depreciation expense $ 231,000/ 4 =1 $ 57,750 Year Annual Depreciation Year-End Book Value Year 1 $ 57,750 Year 2 57,750 Year 3 57,750 Year 4 57,750 Total $ 231,000