An asset was purchased for $56,000 and originally estimated to have a useful life of 10 years with an with a residual value of $1,320. a. Determine the amount of the annual depreciation for the first two years. s . b. Determine the book value at the end of Year 2. c. Determine the depreciation expense for each of the remaining years after revision. 6,000 and originally estimated to have a useful fe of 10 years with a residual value of $3,300. After two years of straight-line depredation, it was determined that the remaining useful We of the asset was only 2 years e annual depreciation for the first two years. the end of Year 2