A ciation neegr prociaioe espomse during the early years of asset currently has a $40,100 book value (cost minus accumulated this asset and consider it to have a $1,000 salvage value with a twelve year useful life. How long has the company owned this asset? (2 points) A. 5.2 years B. 7 years deprociation). The company owning the asset uses straight-line depreciation. They paid $70,000 27,Ammp.,_.KS- trelany ifr$5,400. This register has a useful Meof10yrid a 1d.ofsm vha uld hethedepreciation expense irthe 10.2 years D. 12 years E. Cannot be determined from the given information ESN 0. Blanket Corporation sold equipment for cash of $40,500. Accumulated depreciation on the sale date amounted to $34,000 and a loss of $1,800 was recognized on the sale. What was the original cost of the asset? (2 points) A.$72,300 B.$75,900 C. $4,700 D576300 E$42,300 9485 12910