70 #3 (30pts) 71 Strand Corp purchases a company Vehicle on 7/1/19. Cost = $70,000. Salavage value 10%. Est useful life = 5 years. 72 REQUIRED: 73 for year-end 12/31st for 2019 and 2020 only: 741) calculate Depreciation Exp using raight-Line Depreciation for 2019 and 2020 75 2) using the Balance Sheet Equation or Journal Entries, do the accounting on 12/31/19 and 12/31/20 76 3) at the end of 12/31/20 show the asset's Net Book Value 77 -show all your work for credit- 78 70