lol System Annuncements CALCULATOR PRINTER VERSION BACK Problem 10-04 (Video) At the beginning of 2016, Concord Company acquired equipment costing 582,600. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $8,260 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. During 2020 (the third year of the equipments , the company's engineers reconsidered their expectations, and estimated that the equipment's useful We would probably be 7 years in total) instead of 6 years. The e d avage value was not changed at that time. However, during 2023 the estimated salvage value was reduced to $5.000 Indicate how much deprecation expense should be recorded each year for this equipment, by completing the following table Year Depreciation Expense Accumulated Depreciation 2019 2020