[10] XYZ, Inc. purchased equipment Jan. 1, 2012. The cost was $500,000. Salvage value was $50,000 and the useful life was 5 years. The company decided to depreciate the equipment using the straight line method. After three years of depreciating the equipment and three years of maintaining the equipment very well, the company realized that the original estimates were too aggressive. The company estimated that the equipment should last another five years (eight years in total) and salvage value will most likely be $60,000 at the end of 2019. Please show a chart that provides depreciation expense for each year, and accumulated depreciation at the end of each year. Show any other item that will help you with this analysis. (8 points)