DEPRECIATION On November 1, 2020 THE DEPRECIATORS COMPANY purchased and began using equipment for $46,000. There were installation and transportation costs totaling $2,000 to obtain the equipment and begin using it. The salvage value of the equipment is expected to be $12,000 and the equipment is expected to last 3 years. The Company uses the straight line method for depreciation. Pay very close attention to what is being asked. Calculate the following: A) What is the Annual (12 month) Depreciation Expense for this asset? B) What is the net book value of the asset at Dec 31, 2020. C) What is the accumulated depreciation balance on December 31.2021? D) What is the Depreciation Expense for the year ending Dec 31, 2023 (the last year). You may create a table, use T Accounts, or another method to solve. You must show your work to receive credit! Please include your calculations on your PDF. NO WORK = NO CREDIT, even if correctly answered in Canvas.