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 $271,000 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. Straight-Line Depreciation Choose Numerator: Choose Denominator: Annual Depreciation Expense = Depreciation expense Year-End Book Value Year Annual Depreciation 2017 2018 2019 2020 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 $271,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $25,000. Exercise 10-8 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 End of Period Year Beginning-Year Depreciation Book Value Rate Annual Depreciation Accumulated Depreciation Year-End Book Value 2017 2018 2019 2020 Total Check my work Exercise 10-14 Ordinary repairs, extraordinary repairs, and betterments LO C3 Oki Company pays $315,750 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. During the second year of the equipment's life, $17,900 cash is paid for a new component expected to increase the equipment's productivity by 10% a year. 2 During the third year, $4,475 cash is paid for normal repairs necessary to keep the equipment in good working order. 3. During the fourth year, $10,850 is paid for repairs expected to increase the useful life of the equipment from four to five years. nces View transaction list Journal entry worksheet Record the betterment cost of $17,900 paid in cash