13 . Required information E8-7 (Algo) Recording Depreciation and Repairs (Straight-Line Depreciation) LO8-2, 8-3 [The following information applies to the questions displayed below) Hulme Company operates a small manufacturing facility as a supplement to its regular service activities. At the beginning of 2020, an asset account for the company showed the following balances: Manufacturing equipment Accumulated depreciation through 2019 $ 129,100 59,400 ok During 2020, the following expenditures were incurred for the equipment Hager overhaul of the equipment on anuary 2, 2020, that improved officiency Routine maintenance and repairs on the equipment 113,000 1.400 ences The equipment is being deprecated on a straight-line basis over an estimated life of 18 years with a $11.000 estimated residual value. The annual accounting perfod ends on December 31 E8-7 Part 2 2. Starting at the beginning of 2020, what is the remaining estimated life