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 $257,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-7 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 Annual Depreciation Expense Choose Denominator: Choose Numerator: Depreciation expense 0 Year-End Book Value Annual Depreciation Year 2017 2018 2019 2020 0 Total $ 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 $257,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,00o. Exercise 8-8 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.) End of Period Depreciation for the Period Year-End Book Value Annual Accumulated Beginning-Year Depreciation Book Value Depreciation Year Depreciation Rate 2017 2018 2019 2020 $ 0 Total