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)