Current Attempt in Progress Sandhill Snowboarding Company, a public company purchased equipment on January 10, 2017 for $800,000. At that time, management estimated that the equipment would have a useful life of 10 years and a residual value of $50,000.Sandhill uses the straight line method of depreciation and has a December 31 year end. Sandhill tested the equipment for impairment on December 31, 2021, after recording the annual depreciation expense. It was determined that the equipment's recoverable amount was $346,000, 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 Calculate the annual depreciation expense for the years 2017 to 2021 and the carrying amount at December 31, 2021. Depreciation Expense Carrying Amount 2017 S $ 2018 S s 2019 S S 2020 S $ 2021 S Record the impairment loss, if any, on December 31, 2021. (Credit account titles are automatically indented when the amount is entered. Do not indent manually If no entry is required, select "No Entry for the account titles and enter for the amounts) Credit Debit Account Titles and Explanation Date Der 31, 2021 (To record impairment loss on equipment.) e Textbook and Media List of Accounts Assuming no further impairments or recoveries, calculate the annual depreciation expense for the years 2022 to 2024, (Round depreciation rate to 2 decimal places, sg. 15.75 and final answers to decimal places, es. 5.275) Depreciation Expense 2022 S 2023 $ 2024 S