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 $260,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $28,000. 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 Annual Depreciation Expense Choose Numerator:I IChoose Denominator: Depreciation expense Year Annual Depreciation 2017 2018 2019 2020 Total Year-End Book Value