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Required information

Use the following information for the Exercises below. $($Algo$)$

$[$The following information applies to the questions displayed below.$]$

NewTech purchases computer equipment for $$274,000$ to use in operating activities for the next four years. It estimates the equipment's salvage value at $$24,000.$

Exercise $8-7($Algo$)$ Straight$-$line depreciation LO P$1$

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

$\backslash$table$[[$Straight$-$Line Depreciation$],[$Choose Numerator:,I,Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[,\frac{?}{?},,=,$Depreciation expense$],[,/,=,,],[$Year$,$Annual Depreciation,,Year$-$End Book Value,$],[$Year $1,,,,],[$Year $2,,,,],[$Year $3,,,,],[$Year $4,,,,],[$Total$,$$$,,,]]$