23 3.57 points Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below) NewTech purchases computer equipment for S260,000 to use in operating activitles for the next four years. It estimates the equipment's salvage value at $28.000 Block Exercise 8-7 (Algo) Straight-line depreciation LO P1 Hint Prepare a table showing depreciation and book value for each of the four years assuming straight-line depreciation. Print Straight Line Depreciation Choose Denominator References Choose Numerator Annual Depreciation Expense Depreciation expense 1 Annual Depreciation Year-End Book Value Year Year 1 Year 2 Year 3 Year 4 Total