5. At the beginning of 2011, the Beliveau Gold Company bought mining equipment costing $50 000. It was estimated then that the equipment had a useful life of ve years and a residual vaiue of $5 000. The straight-line method is considered the most appropriate method to use for amortization. The amortization will be recorded at the end of each year. At the beginning of 2013, an adjustment is made in the estimation of the useful life. It is now estimated that the equipment will have a total useful life of seven years, not five. At the beginning of 2015, the residual vaiue is reduced to $2 500. Calculate the Amortization Expense for each year from 2011 2017. Record your answer in the table provided