Rival industries purchased equipment with an original cost of $110,000 and an estimated 10 year life with a salvage value anticipated at the end of ten years of $10,000. Rival uses the Straight Line method of depreciation. At the beginning of year 6 the company realized that the machine will not last as long as they originally thought. The company now believes that the machine will only last for eight years in total, and at the end of eight years it will have a salvage value of $2,000. Calculate the depreciation expense that the company will show on it books for the following years Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10