On January 1, 2019, a company purchases equipment for $80,000. The company uses the straight- line depreciation method and estimates that the equipment will have a useful life of five years and a salvage value of $10,000. The company's annual accounting period ends on December 31. In the adjusting entry on December 31, 2019, the company will: At each year-end, Harris Company uses the allowance method percent of receivables approach to estimate bad debts. On December 31, 2019, it has outstanding accounts receivable of $68,000, and it estimates that 4% will be uncollectible. Allowance for Doubtful Accounts has a $297 debit balance before the adjustment. In the adjusting entry to record bad debt expense for 2019, the company will: On January 1, 2019, a company purchases equipment for $31,000. The company uses the straight- line depreciation method and estimates that the equipment will have a useful life of three years and a salvage value of $1,000. The company's annual accounting period ends on December 31. At the beginning of the equipment's third year, the estimated number of years remaining in its useful life changes from one to two years and its estimate of salvage value changes from $1,000 to $750. How much Depreciation Expense will the company record for each of the final two years