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 $266,000 to use in operating activities for the next four years. Itestimates the equipment's salvage value at $27,000. Exercise 10-7 (Algo) Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Required information Answer is not complete. estimates the equipment's salvage value at $27,000. Exercise 10-8 (Algo) Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts as positive values.)