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 $274,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. 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 Straight-Line Depreciation Choose Denominator Choose Numerator: Annual Depreciation Expense Depreciation expense Annual Depreciation Year-End Book Value Year Year 1 Year 2 Year 3 Year 4 Total