11:00 ACCT 1070 Positive Marks: 5 Negative Marks: 0 Question No 11 On January 29, 2020, Western Potash Ltd. purchased mining equipment for one of its operations. The company paid $903,000, and Western's management expected that the equipment would be able to process 1,770,000 tonnes of potash over its useful life and that it would have residual value of $18,000 at that time. Western depreciates its mining equipment using the units-of-production method. During 2020 and 2021, the equipment was used to process 1,015,000 tonnes of potash. At the beginning of 2022, Western's management changed its estimate of the equipment's lifetime production from 1,770,000 tonnes to 2,202,500 tonnes. Management also reduced its estimate of the equipment's residua. value to $15,500. Required: Calculate the amount of depreciation that should be recorded in 2022 if the mining equipment was used to process 468,000 tonnes of potash that year. Upload your answer's Image/Screen-Shoot Choose file No file chosen Write your