you are the accountant for a small business that purchased a large piece of equipment on January 2, 2018, for $1,000,000. You did an assessment and determined that the equipment would last for 15 and the company could sell it for scrap at a local junk yard for $10,000. You calculated the depreciation expense using the straight-line method. It is now January 2, 2022, and you realize that your initial estimate needs to be adjusted. You now estimate that the equipment will only be useful for a total of nine years from the date of acquisition. This came about due to some new technology which would make your equipment less efficient. You determined that the total useful life (in years) went from the initial 15 years to a total of nine years. You also found a small company that uses this equipment and would pay you $50,000 at the end of the equipment's useful life. You still use the straight-line method to depreciate. Deliverables: Write a memo to the company president, Jan Levinson, describing how this change will impact the financial statements, past, current, and future year's income statement, and balance sheet. Explain why you calculated the new depreciation expense and accumulated depreciation