P10-4B At the beginning of 2013, Sullivan Company acquired equipment costing $300,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $30,000 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equipment. Depreciation is to be recorded at the end of each vear. During 2015 (the third vear of the equipment's life), the company's engineers recon- sidered their expectations and estimated that the equipment's useful life would probably be 7 years (in total) instead of 6 years. The estimated salvage value was not changed at that time. However, during 2018, the estimated salvage value was reduced to $5,000. Instructions Indicate how much depreciation expense should be recorded for this equipment each year by completing the following table. Depreciation Expense Accumulated Depreciatiorn Year 2013 2014 2015 2016 2017 2018 2019