Second: Equipment was acquired on January 1, 2013, at a cost of 2,000,000. The equipment was originally estimated to have a residual value of 100,000 and an estimated life of 10 years. Depreciation has been recorded through December 31, 2016, using the straight-line method. On January 1, 2017, the estimated residual value was revised to 140,000 and the useful life was revised to a total of 8 years. Instructions Determine the Depreciation Expense for 2017