Problem 10-04A (Video) | Your answer is partially correct. Try again At the beginning of 2018, Blue Spruce Company acquired equipment costing $151,600. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $15,160 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 equipment's life), the company's engineers reconsidered their expectations, and estimated that the equipment's useful life would probably be 7 years (in total) instead of 6 years. The estimated salvage value was not changed at that time. However, during 2023 the estimated salvage value was reduced to $5,000 Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table Depreciation Accumulated Depreciation Year Expense 2018 22740 22740 2019 22740 45480 2020 18192 63672 2021 81864 18,192 18,192 18,192 2022 100056 2023 118248 2024 18,192 136440 Click if you would like to Show Work for this question: Open Show Work