2 out of 5 points In January 2009, Rashed enterprises purchased equipment for 710,000 and was estimated to have a useful life of 14 years with a residual value of 10,000. At the end of 2019, it was determined that the equipment is of lower quality and there was a change of estimates accordingly. The useful life is now estimated to be 15 years with 10,000 residual value. (All figures are in AED) (5 Marks) Required A. Compute the depreciation expenses for 2020 (1 mark) B. Show the journal record for 2020 (1 mark) C. Explain three factors involved in the depreciation process (3 Marks)