9-4A

Problem 9-4A At the beginning of 2015, Mazzaro Company acquired equipment costing $120,000. It was estimated that this equipment would have a useful de of 6 years and a salvage value of $12,000 at that tme. The straight line method of depreciation was considered the most appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each year During 2017 (the third year of the equipment's life), the company's engineers reconsidered their expectations and estimated that the equipment's useful Me would probably be 7 years (n total) instead of 6 years The estimated salvage value was not changed at that time. However, during 2020, the estimated salvage value was reduced to $5,000 Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table. Depreciation Expense Accumulated Depreciation Year 2015 2016 2017 2018 2019 2020 2021