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 $262,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $21,000. xercise 8-8 (Algo) Double-declining-balance depreciation LO P1 repare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. ote: Enter all amounts as positive values. Exercise 8-14 (Algo) Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $323,900 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. Paid $17,550 cash for a new component that increased the equipment's productivity. 2. Paid $4,388 cash for minor repairs necessary to keep the equipment working well. 3. Paid $10,500 cash for significant repairs to increase the useful life of the equipment from four to seven years. Journal entry worksheet Record the betterment cost of $17,550 paid in cash. Note: Enter debits before credits. Journal entry worksheet Record the cost of minor repairs of $4,388 paid in cash to keep the equipment working well. Note: Enter debits before credits. Journal entry worksheet Record the cost of significant repairs of $10,500 paid in cash to increase the useful life of the equipment. Note: Enter debits before credits