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Calculation , a public company, purchased equipment on January 10, 2017, for $710,0 equipment would have a useful life of 10 years and a residual value of $50,0 ion and has a December 31 year end. impairment on December 31, 2021, after recording the annual depreciati recoverable amount was $310,000, and that the total estimated useful life e of $10,000 instead of $50,000. on expense for the years 2017 to 2021 and the carrying amount at Decem Carrying Amount tA to to ajPancholi m... Chapter 12 In... 3 Chapter 13 9.. 3 Resume new