On January 1, Year 1, three companies purchased the same make and model copy machine. However, each company made different assumptions regarding the useful life and salvage value of its particular asset. Company A Company B Company C Coot of copy machine $45,000 $45,000 $45,000 Salvage value 5,000 5,000 10,000 Useful lite 5 years 4 years 4 years . Required (1) Determine the amount of depreciation expense that each company will recognize on its Year 1 and Year 2 income statement Year 1 Year 2 Company A Company B Company (2) Determine the book value of the copy machine for each company as of December 31, Year 1 and Year 2 Year 1 Year 2 Company A Company B