NewTech purchases computer equipment for $263,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $24,000. Exercise 8-8 (Algo) 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 as positive values.) Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation End of Period Accumulated Year-End Depreciation Book Value Year Year 1 Year 2 Year 3 Year 4 Total