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 $$154,000$ to use in operating activities for the next four

years. It estimates the equipment's salvage value at $$25,000.$

Exercise $10-7$ Straight$-$line depreciation LO P$1$

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

Answer is complete but not entirely correct.