Flag question Time left 1:09:42 REVISING DEPRECIATION ESTIMATES Equipment was purchased on January 5, 2010, at a cost of $156,000. The equipment had an estimated useful life of 10 years and an estimated residual value of $8,000. After using the equipment for 8 years, the remaining useful life was revised to be 4 years and the residual value was reduced to $7,000. a. Journalize straight line depreciation expense for the year 2019 (year 10). I began the calculations for you; you are to show the ending calculation for the depreciation expense (2 pts) before journalizing it for yr 10 (4 pts). A B I Fr T A Beginning calculations: !!! ER $156,000 8.000 = $148,000/10 = $14,800 $14,800 X 8 = $118,400 a. completion of the calculation for the depreciation expense to journalize (you do not need to retype the beginning calculations provided above)