16 4 pts 16. Tesla, Inc. acquired a machine for $3,457,500 on January 1, 2019. The estimated useful life of the asset is 20 years. Residual value at the end of 20 years is estimated to be $40,000. Using straight line method 1. Calculate the depreciation expense per year 2. What is the balance in depreciation expense at the end of 2020? 3. What is the balance in accumulated depreciation at the end of 2025? 4. Calculate the book value after 5 years