#3 (30pts) Strand Corp purchases a company Vehicle on 7/1/19. Cost = $70,000. Salavage value 10%. Est REQUIRED: for year-end 12/31st for 2019 and 2020 only: 1) calculate Depreciation Exp using Straight-Line Depreciation for 2019 and 2020 2) using the Balance Sheet Equation or Journal Entries, do the accounting on 12/31/19 and 1 3) at the end of 12/31/20 show the asset's Net Book Value ---show all your work for credit-- #3 (30pts) Strand Corp purchases a company Vehicle on 7/1/19. Cost = $70,000. Salavage value 10%. Est REQUIRED: for year-end 12/31st for 2019 and 2020 only: 1) calculate Depreciation Exp using Straight-Line Depreciation for 2019 and 2020 2) using the Balance Sheet Equation or Journal Entries, do the accounting on 12/31/19 and 1 3) at the end of 12/31/20 show the asset's Net Book Value ---show all your work for credit