! 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 $256,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $21,000. Exercise 8-7 (Algo) Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense = Depreciation expense $ 58,750 4 11 $ Cost minus salvage Estimated useful life (years) $ 235,0001 Annual Depreciation Year-End Book Value $ 58,750 Year Year 1 Year 2 Year 3 Year 4 Total $ $ 58,750