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. Exercise 8-8 (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.) Depreciation for the Period End of Period Beginning-Year Depreciation Annual Accumulated Year-End Book Value Rate Depreciation Depreciation Book Value Year Year 1 Year 2 Year 3 Year 4 Total