View Policies Current Attempt in Progress At the beginning of 2018, Mazzaro Company acquired equipment costing $120,000. It was estimated that this equipment would have a useful life of 6 years and a salvage value of $12,000 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 salvage value was not changed at that time. However, during 2023, the estimated salvage 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 $ $ 2019 2020 2021 2022 belly Clans: Confira NY EmployNY - Benefits How to attend the onli... NWP Assessment P W NWP Assessment P a Watch Chapter 9 Homework Question 4 of 8 -/1 La Tuwever, UU ULO, ES die divage value wa TUULEUL PJU. Indicate how much depreciation expense should be recorded each year for this equipment, by completing the following table. Year Depreciation Expense Accumulated Depreciation 2018 $ $ 2019 2020 2021 2022 2023 2024 e Textbook and Media Save for Later Attempts: 0 of 3 used Submit