Assume that CD Warehouse paxd $90,000 for equipment with a 10-year life and zero expected residual value After using the equipment tor four years, the company determines that the asset will remain useful tor only three more years Read the requirements Requirement 1. Record depreciation expense on the equipment for year 5 by the straight line method First, select the formula to calculafe the company's revised depreciation expense on the equipment for year 5 Then enter the amounls and cakculate the depreciation for year 5 (Enter "0" for items with a zero value ) Revised Book value Residual value Revised useful life remaining deprecalion