Hello,

I need some assistance with this problem I have attached it below.

M N O P R S W At the beginning of 2017, BobCo acquired equipment costing $260,000. It was estimated that this equipment would have a useful life of 10 years and a salvage value of $15,000 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each year. At the beginning of 2020 (the fourth year of the equipment's life), the company's engineers reconsidered their expectations and estimated that the equipment's useful life would probably be 15 years (in total) instead of 10 years. The estimated salvage value was not changed at that time. However, during 2028, the estimated salvage value was reduced to $5,000 Instructions Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table. Show your computations in how you computed depreciation expense 10 Year Depreciation ExpelAccumulated Depreci NBV Initial Installed Cost Salvage 13 1 2017 Depr Cost 14 2 2018 Useful life 15 3 2019 Annual Depr #DIVO! 16 4 2020 17 5 2021 2020 NBV 18 6 2022 Salvage 19 7 2023 Depr Cost 20 8 2024 Useful life 21 9 2025 Annual Depr #DIV/O! 22 10 2026 23 11 2027 2028 NBV 24 12 2028 Salvage 25 13 2029 Depr Cost 26 14 2030 Useful life 27 15 2031 Annual Depr #DIV/O! 28 29 30 31 32