Use the following information for the Exercises below. [The following information applies to the questions displayed below) NewTech purchases computer equipment for $267.000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. 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 14.16 Straight:1. ine Depreciation Choose Numerator: 1 Choose Denominator: Annual Depreciation Expense = Depreciation expense Annual Depreciation Year-End Book Value Year Year 1 Year 2 Year 3 Year 4 Total