In your own words, explain what each of the following terms means in accounting: depreciation expense accumulated depreciation book value Using the asset information in the asset disposal problem ( Lending Library, Inc. owned equipment with an original cost of $165,000. At December 31, 2019, there was $135,000 in the Accumulated Depreciation account for this equipment ), show how the asset would be presented in the 12/31/19 balance sheet . Using the asset information in t he asset disposal problem ( Lending Library, Inc. owned equipment with an original cost of $165,000. At December 31, 2019, there was $135,000 in the Accumulated Depreciation account for this equipment ), what would be the gain (loss) if the asset were discarded rather than sold?