Required information

Use the following information for the Exercises below. $($Static$)$

$[$The following information applies to the questions displayed below.$]$

NewTech purchases computer equipment for $$154,000$ to use in operating activities for the next four years. It estimates the equipment's salvage value at $$25,000.$

Exercise $8-7($Static$)$ Straight$-$line depreciation LO P$1$

Prepare a table showing depreciation and book value for each of the four years assuming straight$-$line depreciation.

$\backslash$table$[[$Straight$-$Line Depreciation$],[$Choose Numerator:,$1,$Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[$Cost minus salvage,Estimated useful life $($years$),=,$Depreciation expense$],[$$$,129,000,17,4,=,32,250],[$Year$,$Annual Depreciation,Year$-$End Book Value$],[$Year $1,$$$,121,750,,],[$Year $2,,89,500,,],[$Year $3,,57,250,,],[$Year $4,,25,000,,],[$Total$,$$$,293,500,,]]$