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 $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. 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 balam depreciation. (Enter all amounts positive values.) Answer is not complete. Year 2017 2018 2019 2020 Depreciation for the Period End of Period Beginning- Year Book Depreciation Annual Accumulated Year-End Rate Value Depreciation Depreciation Book Value $ 263,000 50% 131,500 s 131,500 $ 131,500 131,500 50% 65.750 197.250 42 65,750 65,750 32.875 32.875 32 875 50% $ 230 125 50% Total