Question 1. Almond Corporation purchased a vehicle on Jan 1, 2019 for $95.000. The estimated life of the vehicle is 10 years and estimated residual value is $5,000. Calculate the depreciation expense using straight-line method. How much would be the balance in the accumulated depreciation account on Dec 31, 2020? Write the journal entry required on Dec 31, 2019 for depreciation. Question 2. Almond Corporation also purchased a machine on Jan 5, 2019 for $28,000. The estimated life of the machine is 5 years. The estimated residual value is $2,000. Calculate the depreciation expense for 2019 and 2020. if they use the double-diminishing-balance method of depreciation