At the beginning of 2018, Flounder Company acquired equipment costing $170,800. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $17,080 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.

Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table.

At he beginning o 2018, Flour der Company cquired equipment costing S1 70 800 with this type of equipment. Deprediation is to be recorded at the end of each year. was estmeted het this equipment would have use life of 6 years and salvage value of S17,080 t that tir e. The 5 sght-line me od o deprec18tion es cons dered the most appropriate to use During 2020 (the third year of the equipment's ife), the company's engineers reconsidered their expectations, and estimated thet the equipment's useful life would probably be 7 years (in total) instead of 6 years. The estimated salvege velue was not changed at thet time. However, during 2023 the estimated salvage value was reduced to $5,000. Indicate how much depreciation expense should be recorded each yeer for this equipment, by completing the following table. Accumulated YearExpense 2018 25620