Required information Use the following information for the Exercises below. {The following information applies to the questions displayed below.) NewTech purchases computer equipment for $267,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000 Exercise 10-7 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 Expenso Depreciation expense 0 Annual Depreciation Year-End Book Value Year Year 1 Year 2 Year 3 Yout Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciatic Ok nt Straight-Line Depreciation nt Choose Numerator: Choose Denominator: ences Annual Depreciation Expense = Depreciation expense 0 Year Annual Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total $ 0