Question 18 1 pts A company purchased equipment for $504,332 which was estimated to have a useful life of 11 years with a salvage value of $11,972 at the end of that time. Depreciation has been recorded for 8 years on a straight-line basis. In 2020, it is determined that the total estimated life should be 17 years with a salvage value of $6,995 at the end of that time. What is the annual depreciation for 2020