! Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) In early January 2017, NewTech purchases computer equipment for $154,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Exercise 8-8 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. (Enter all amounts positive values.) Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation End of Period Accumulated Year-End Depreciation Book Value Year $ 154,000 $ 77,000 2017 2018 2019 2020 Total $ 0