ABC COMPANY Total Depreciable Assets at Cost: December 31. Year 1 December 31. Year 2 1 105,000 Accumulated Depreciation: December 31. Year 1 December 31 Year 2 42.000 49.500 7,500 9,200 Depreciation Expense, Year 2 Deferred Tax Liability Relating to Depreciable Assets, Year 2 Deferred Tax Liability Relating to Depreciable Assets, Year 1 7,800 Income Tax Rate 35% Depreciation Reporting Method for Financial Reporting Depreciation Reporting Method for Tax Reporting Straight line Accelerated Net Income in Year 2 82,000 1. Compute the "Average Total Depreciable Assets" in use for ABC Company during Year 2 Using this result, compute the "Average Depreciable Life" of these assets. 2. Compute the "Average Age to Date" of depreciable assets in use by ABC Company at the end of Year 2 1 Compute the amount of "Depreciation Expense recognized for tax purposes by Company in Year 2 HINT: Use the increase in the amount of "Deferred Tax Liabil Relating to Depreciable Assets" in your calculations)