P9-4B On Jan 01, 2020, Company bought a machine for $300,000. The estimate of useful life was 6 years; Salvage value of $30,000, Straight-line method was used to record depreciation at the end of each year. On Jan 01, 2022 (3rd year of machine's life), Company reconsidered revised the estimated of useful life to 7 years (in total, instead of the original estimate of 6 years). (Estimated salvage value was unchanged). BUT, on Jan 01, 2025, estimated salvage value was reduced to $5,000. Instructions: Indicate how much depreciation expense should be recorded each year by completing this table. Annual Depreciation Accumulated Year Expense (12 months) Depreciation 2020 2021 2022 2023 2024 2025 2026