Hebron company purchased a machine on January 1, 2016 for $90,000. The estimated residual value $6,000 and estimated useful life 5 years. The company use sum-of-the-years'-digits method for depreciation. Assume the company closes its books annually at the end of its fiscal year at August 31 a) Compute the annual depreciation expense over the asset's life b) Assume that at August 31, 2019 the recoverable amount of the equipment is $25,000 and the remaining useful life 2 years. 1- Compute the impairment loss if any 2- Compute the annual depreciation expense over the remaining useful life