Required information Use the following information for the Exercises below. The following information applies to the questions displayed below) NewTech purchases computer equipment for $270,000 to use in operating activities for the next four years. It estimates the equipment's salvage value at $31,000. 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: Choose Denominator: Annual Depreciation Expense Depreciation expense Year Annual Depreciation Year End Book Value Year Year 2 Year Year