Joe Corp (JC) is a manufacturing company. JC bought a factory for $380,000 and depreciated it using the straight-line basis under the assumption it would have a twenty-year life and a $30,000 salvage value. At the beginning of the building's twelfth year it was determined the building had only eight years of remaining life, and that at the end of the remaining eight years its salvage value would be $16,000. Answer the following (SHOW WORK) 1. What is the ORIGINAL depreciation amount (75) 2. What is the accumulated depreciation (A/D) at the start of the twelfth year (.75) 3. What is the new depreciation amount (75) 4. Using LOGIC (not numbers), if JC used the double declining method at the beginning of this factory (i.e. at purchase) would the A/D be more or less at the time of the depreciation adjustment (75) 5. Using LOGIC (not numbers), if JC used the double declining method at the beginning of this factory (i.e. at purchase) would the A/D be more or less at the expiration of the assets useful life (.75) Edit View Insert Format Tools Table O BI D