Ronnie's Wings acquired equipment on January 1 , 2019 , for $ 300,000 . The equipment had an estimated useful life of 10 years and an estimated salvage value of $25000. On January 1 , 2022 , Ronnie's Wings revised the total useful life of the equipment to eight years . Compute depreciation expense for the year ended December 31 , 2022 , if Ronnie's Wings uses straight - line depreciation .