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 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 Expense Depreciation expense = Year-End Book Value Year Annual Depreciation 2017 2018 2019 2020 Total