View Policies Current Attempt in Progress At the beginning of 2018, Bridgeport Group acquired equipment costing 166,000. It was estimated that this equipment would have a useful life of 6 years and a residual value of 16,600 at that time. The straight-line method of depreciation was considered the most appropriate to use with this type of equipment, Depreciation is to be recorded at the end of each year. During 2020 (the third year of the equipment's life), the company's engineers reconsidered their expectations, and estimated that the equipment's useful life would probably be 7 years (in total) instead of 6 years. The estimated residual value was not changed at that time. However during 2023 the estimated residual value was reduced to 5,000 Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table. Depreciation Expense Accumulated Depreciation Year 2018 E 2019 2020 21 ii Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table. Year Depreciation Expense Accumulated Depreciation 2018 E E 2019 2020 2021 2022 2023 2024 Attems of used Stuult