Question 3 of 6 0/40 !!! View Policies Show Attempt History Current Attempt in Progress Wildhorse Snowboarding Company, a public company purchased equipment on January 10, 2017 for $700,000. At that time, management estimated that the equipment would have a useful life of 10 years and a residual value of $50,000. Wildhorse uses the straight line method of depreciation and has a December 31 year end. Wildhorse tested the equipment for impairment on December 31, 2021, after recording the annual depreciation expense. It was determined that the equipment's recoverable amount was $304.000, and that the total estimated useful life would be eight years instead of 10 with a residual value of $10,000 instead of $50,000 (a) X Your answer is incorrect. Calculate the annual depreciation expense for the years 2017 to 2021 and the carrying amount at December 31, 2021. Depreciation Expense 162500 Carrying Amount 2017 S $ 537500 Question 3 of 6 0/40 !!! X Your answer is incorrect Calculate the annual depreciation expense for the years 2017 to 2021 and the carrying amount at December 31, 2021. Depreciation Expense Carrying Amount 2017 $ 162500 537500 2018 $ $ 2019 $ $ 2020 $ s 2021 $ $ e Textbook and Media List of Accounts