Ivanhoe Ltd. purchased equipment on January 1, 2015 at a cost of $173,030. The equipment has an estimated useful life of 10 years and a residual value of $9,740. Ivanhoe realized that there was a declining demand for the product being produced by the equipment. Given this indicator of possible impairment, management determined that the recoverable amount of the asset on December 31, 2018 was $101,290. The company uses the straight-line method of depreciation. (a) Calculate the annual depreciation and the carrying amount at December 31, 2018. Annual depreciation $ Carrying amount $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 2 used Submit