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 $$256,000$ to use in operating activities for the next four years. It estimates

the equipment's salvage value at $$21,000.$

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

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

Answer is complete but not entirely correct.