Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below) NewTech purchases computer equipment for $270,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $31,000. 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.) Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation End of Period Accumulated Year End Depreciation Book Value Year Year 1 Year 2