Chapter $8$ Homework: $35$ points

$(1)$

$5$ Required information

$[$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$

Prepare a table showing depreciation and book value for each of the four years assuming straight$-$line depreciation.

$\backslash$table$[[$Straight$-$Line Depreciation$],[$Choose Numerator:,$1,$Choose Denominator:,$=,\backslash$table$[[$Annual Depreciation$],[$Expense$]]],[,1,,=,$Depreciation expense$],[,1,,=,],[$Year$,,$Annual Depreciation,,Year$-$End Book Value$],[$Year $1],[$Year $2],[$Year $3],[\backslash$table$[[$Year $3],[$Year $4]]],[$Total$,,,,]]$