< An asset was purchased for $55,000 and originally estimated to have a useful life of 10 years with a residual value of $3,800. After 2 years of straight-line depreciation, it was determined that the remaining useful life of the asset was only 2 years with a residual value of $1,520. a. Determine the amount of the annual depreciation for the first 2 years. b. Determine the book value at the end of Year 2. c. Determine the depreciation expense for each of the remaining years after revision.