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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

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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 $268,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Exercise 10-8 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 positive values.) Depreciation for the Period End of Period Accumulated Year-End Depreciation Book Value Year Beginning-Year Depreciation Book Value Rate $ $ $ Annual Depreciation $ 134,000 67,000 33,500 2017 2018 2019 2020 268,000 134,000| 67,000 33,500 67.000 50% 50% 50% 50% 134,000 201,000 234,500 33.500 30 000 Total $ 234,500 e

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