! Required information Use the following information for the Exercises below. (Static) [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. Exercise 8-8 (Static) 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 End of Period Year Beginning-Year Book Value Depreciation Rate Annual Accumulated Year-End Depreciation Depreciation Book Value Year 1 + Year 2 Year 3 Year 4 Total $ 0