The following information applies to the questions displayed below.) NewTech purchases computer equipment for $255,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $20,000. 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 Choose Numerator: Choose Denominator. Year Annual Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total Annual Depreciation Expense Depreciation expense