Change in Estimate Assume that bloomer Company purchased a new machine on January 1, 2017 for $23,200. The machine has an estimated tehife of nine years and a residual value of $7,320 Bloomer has chosen to use the straight line method of depreciation. On January 1, 2019. Bloomer discovered that the machine would not be useful beyond December 31, 2023, and estimated its value at that time to be $1,900 Required: 1. Calculate the depreciation expense, accumutated depreciation, and book value of the asset for each year 2017 to 2022. If necessary, round any deprecation calculations to the nearest dollar Year Depreciation Expense Accumulated Depreciation Book Value 2017 2018 2019 2020 2021 2022 This requires and the 2. Depreciation for 2017 and 2018 was not wrong. Bloomer Company made a based on past estimates are considered since the company used the best information available at that time