Parker Company purchased an asset costing $50,000 on January 1 Year 1. The asset had an expected five year and a $9.000 salvage value. Based on this information, the amount of depreciation expense and accumulated depreciation appearing on the Year 2 financial statements would be assume straight-line depreciation Multiple Choice 0 $10,000 and $16,400, respectively $8,200 and $16,400, respectively lo oo O $10,000 and $33,600, respectively $8.200 and $2.200, respectively