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Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.] NewTech purchases computer equipment for $268,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Exercise 8-7 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: 1 Choose Denominator: Annual Depreciation Expense Depreciation expense Year Annual Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total Required information Use the following information for the Exercises below. [The following information applies to the questions displayed below.) NewTech purchases computer equipment for $268,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $30,000. Exercise 8-8 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.) End of Period Depreciation for the Period Beginning-Year Depreciation Annual Book Value Rate Depreciation Year Accumulated Depreciation Year-End Book Value Year 1 Year 2 Year 3 Year 4 Total