Return to question ! 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.) X Answer is not complete. Year Year 1 Depreciation for the Period End of Period Beginning- Depreciation Annual Accumulated Year-End Year Book Rate Depreciation Depreciation Book Value Value $ 154,000 50% $ 77,000 $ 77,000 $ 77,000 77,000 50% 38,500 115,500 38,500 38,500 50% 25,000 25,000 50% 12,500 X 25,000 128,000 Year 2 Year 3 Year 4 Total