Carla Vista Snowboarding Company, a public company, purchased equipment on January 10, 2017, for $790,000. At that time, management estimated that the equipment would have a useful life of 10 years and a residual value of $50,000. Carla Vista uses the straight-line method of depreciation and has a December 31 year end. Carla Vista tested the equipment for impairment on December 31, 2021, after recording the annual depreciation expense. It was determined that the equipments recoverable amount was $340,000, and that the total estimated useful life would be eight years instead of 10, with a residual value of $10,000 instead of $50,000.

(a)

Calculate the annual depreciation expense for the years 2017 to 2021 and the carrying amount at December 31, 2021.

		Depreciation Expense	Carrying Amount
2017		$	$
2018		$	$
2019		$	$
2020		$	$
2021		$	$