revision [Compatibility Mode] - Word Design Layout References Mailings Review View Help ew Rome 12 A A Aa- EEE U abe x, x AA Font Paragraph Tell me what you want to do AaBbCcDc AaBbCcDc AaBbC AaBbCcl Heading 21 1 Normal 1 No Spac... Heading 1 Styles X company purchased equipment for $1,000,000 which was estimated to have a useful life of 15 years with a residual value $35,000 at the end of that time. Depreciation has been recorded for 10 years on a straight-line basis. At 01/01/2015, it is determined that the remaining useful life is 8 years with a residual value of $ 10,000 at the end of that time. Instructions: Calculate the depreciation expense for 2015. All calculations must be justified.