At the beginning of 2020 , Culver Company acquired equipment costing $153,800. It was estimated that this equipment would ha useful life of 6 vears and a salvage value of $15,380 at that time. The straight-tine method of depreciation was considered the mos appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each year. During 2022 (the third year of the equipment's life), the company's engineers reconsidered their expectations, and estimated that 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 2025 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 t.Mle. Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table