On July 1, 2019, Wildhorse Co. purchased new equipment for $ 90,000. Its estimated useful life was 8 years with a $ 10,000 salvage value. On December 31, 2022, the company estimated that the equipments remaining useful life was 10 years, with a revised salvage value of $ 5,000.

Compute the balance in Accumulated DepreciationEquipment for this equipment after depreciation expense has been recorded on December 31, 2022. Accumulated DepreciationEquipment