Consider the following independent cases: a) Consider an asset, for which the following information is available: Carrying value at Dec. 31, 2019 before depreciation Calculated depreciation for 2019 Original cost Residual value Remaing useful life in years $10,000 $2,400 $24,000 $9,500 3 Calculate the maximum depreciation expense allowed for 2019 (2 marks) b) Athletics Ltd. Takes a ful year of depreciation expense in the year of an asset acquisition and no depreciation expense in the year of disposition. Data relating to one of Athletics' pieces of equipment at December 31, 2018, are as follows: Acquisition year Cost Residual value Accumulated depreciation 2016 $680,000 $136,000 $533,120 5 Estimated useful life in years Assuming Athletics is using double declingin method, show the depreciaiton expense that was recorded in 2016, 2017, 2018, and 2019. (8 marks)