Depreciation expense formula.How to solve part 1 & 2 of the question attached

)4,5 Exercise 4-22 Depreciation Expense e 4'5 During 2010, Carter Company acquired three assets with the following costs, estimated useal lives, and estimated salvage values: Estimated Estimated Date Asset Cost Useful Life Salvage Value March 28 Truck $ 18,000 5 years $ 3,000 June 22 Computer 55.000 10 years 5,000 October 3 Building 250,000 30 years 10,000 The company uses the straight-line method to depreciate all assets and computes depreciation to the nearest month. For example, the computer system will be depreci- ated for six months in 2010. Required 1. Compute the depreciation expense that Carter will record on each of the three assets for 2010. 2. Comment on the following statement: Accountants could save time and money by simply expensing the cost of long-term assets when they are purchased. In addition, this would be more accurate because depreciation requires estimates of usell life and salvage value