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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 $265,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $29,000 Exercise 10-8 Double-declining-balance depreciation LO P1 Prepare a table showing depreciation and book value for each of the four years assuming double-declining-balance depreciation. (Enter all amounts positive values.) Answer is complete but not entirely correct. Depreciation for the Period End of Period Beginning- Depreciation Year Book Annual Depreciation Depreciation Accumulated Year-End Book Value ear Rate Value 2017 S 265,000 2018 2019 2020 Total 50% |$ 50% 50% 50% 132,500 |$ 132,500 .$ 132,500 66,250 O 33,125 132,500 198,75066,250 33,125 29,000 33,125231,875 3 231,875 S 231,875