1/2/assessment-player/index.html?launchid=38da3e9d-401c-45dc-b00b-cd076f6659d5#/question/3 Question 4 of 4 -13 View Policies Current Attempt in Progress Kulle Optical Ltd, purchased optical lens coating equipment for $86,100 on January 1, 2020. At that time, management determined that the equipment would have a useful life of five years and a residual value of $17.200. Kulle uses the straight-line depreciation method. On January 1, 2023, management revised its initial estimates and determined that the lens coating equipment would have a useful life of eight years, rather than five years, and that it would have a residual value of $12,300 at the end of that time. Determine the depreciation expense for 2023. Depreciation expense for 2023 $ Save for Later Attempts: 0 of 2 used Submit Answer a O ENG US + * Home End -0. Insert Delete PL + Backspace % 5 & 7 ( 9 ) 0 6 8. R T Y T } O [ ] 11 G K L