on 27 sed Fanestil Corporation purchased a depreciable asset for $420,000 on January 1, 2012. The estimated residual value is $42,000, and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2015, Fanestill changed its estimates to a total useful life of 5 years with a residual value of $70,000. What is 2015 depreciation expense? d out of ag question Select one: a. $42,000 b. $112,000 C. $126,000 d. $70,000 28 Rollins Company purchased a depreciable asset for $300,000 on April 1, 2012. The estimated residual value is $30,000, and the estimated total useful life is 5 years. The straight-line method is used for depreciation. What is the balance in accumulated depreciation on May 1, 2015 when the asset is sold? ut of question Select one: a. $166,500 b. $148,500 C. $126.000 d. $118,000