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can someone please help me? please show detailed work. 6. Porter Company uses...

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Accounting

can someone please help me? please show detailed work. image

6. Porter Company uses straight-line depreciation for its equipment. On January 1, 2010, Porter purchased a new piece of equipment for $168,000 cash. The equipment's estimated useful life was ten years with $15,000 salvage value. In 2015, the company decided its original useful life estimate should be increased by five years. Beginning in 2015, depreciation was based on a 15- year total useful life and no change was made in the salvage value estimate. On January 3, 2016, Porter added a modification to the equipment that increased its productivity at a cost of $21,100 cash. These modifications did not change the equipment's useful life but did increase the estimated salvage value by $4,000. Determine the amount of depreciation expense recorded by Porter Company for the equipment in both 2015 and 2016. 2015 Depreciation Expense 2016 Depreciation Expense

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