Your answer is partially correct. Try again. At the beginning of 2017, Pina Colada Corp. acquired equipment costing $110,400. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $11,040 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 2019 (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 2022, 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 Year Expense Depreciation 2017 2018 2019 2020 16560 16560 2021 2022 2023