At the beginning of 2018, Bramble Company acquired equipment costing $159,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $15,900 at that time. 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 2020 (the third year of the equipments life), the companys engineers reconsidered their expectations, and estimated that the equipments useful life would probably be 7 years (in total) instead of 6 years. The estimated salvage value was not changed at that time. However, during 2023 the estimated salvage value was reduced to $5,000.

At the beginning of 2018, Bramble Company acquired equipment costing $159,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $15,900 at that time. 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 2020 (the third year of the equipment's life), the company's engineers reconsidered their expectations, and estimated that the equipment's useful life would probably be 7 years (in total) instead of 6 years. The estimated salvage value was not changed at that time. However, during 2023 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. Year Depreciation Expense Accumulated Depreciation 2018 $ 159.000 26,500 2019 26,500 53,000 2020 18,020 71,020 2021 18.020 89,040 2022 18,020 107,060 2023 130.530 23,470 RI search o 0