P purchased a machine on January 1, 2020 for $17158 At the time of purchase, the machine was expected to have a useful life of 23 years and a residual value of $686 Puses straight-line depreciation At the beginning of 2027, P estimated the machine had a remaining useful life of 20 years with no residual value. Determine the following amounts The depreciation expense for the year ending December 31, 2020: 716.17 The carrying value of the machine on January 1, 2027: 12217.91 The depreciation expense for the year ending December 31, 2027: 643.05 o The carrying value of the machine on December 31, 2027: 10785.56