Required information (The following information applies to the questions displayed below.] On April 2. 2017, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $300,000 with a residual value of $20,000 at the end of its estimated useful lifetime of 8 years Assume that in its financial statements, Victor uses straight-line depreciation and the half-year convention. Depreciation recognized on this equipment in 2017 and 2018 will be