So far. does not [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 10-7 Straight-line depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. X Answer is complete but not entirely correct. Straight-Line Depreciation Choose Numerator: 1 Choose Denominator: = Annual Depreciation Expense Depreciation expense $ 32,250 Year Year 1 Cost minus salvage / 129,000 Annual Depreciation 154,000 X 64,500 X 16,125 X 25,000 $ 259,625 Estimated useful life (years) = 4 Year-End Book Value $ 64,500 X 32,250 X 8,062 x 25,000 Year 2 Year 3 Year 4 Total