Extra Credit Exam4 Print Item An asset was purchased for $58,000 and originally estimated to have a useful ife of 10 years with a residual value of $3,00 After two years of straight ine depreciation, it was determined that the remaining usehud lfe of the asset was only 2 years with a residual value of $2,000 144 a. Determine the amount of the annual depreciation for the first two vears b. Determine the book value at the end of Year 2 . Determine the depreciation expense for each of the remaining years after revision