4. A machine that cost $33,700 is to be depreciated for a full year. The estimated useful life is 10 years and the salvage value is estimated to be $2,000. Assume straight-line depreciation. 5. The Company rented a warehouse on June 1, 2021, for one year. They had to pay the full amount of the rent one year in advance on June 1, 2021 amounting to $4,800, which was debited to Rent Expense