QUESTION 11 Williamson Corporation purchased a depreciable asset for $400,000 on January 1, 2017. The estimated salvage value is $40,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2020, Williamson changed its estimates to a salvage value of $60,000. If the 2020 depreciation expense equals $110,000 then what is the remaining total useful life determined to be after the estimate change? Hint: If your answer was 5 years just write 5 QUESTION 12 Fareway Corporation purchased a depreciable asset for $630,000 on January 1, 2017. The estimated salvage value is $63,000, and the estimated total useful life is 9 years. The straight-line method is used for depreciation. In 2020. Fareway changed its estimates to a total useful life of 5 years with a salvage value of $105,000. What is 2020 depreciation expense? QUESTION 13 Robertson Inc. bought a machine on January 1, 2010 for $400,000. The machine had an expected life of 20 years and was expected to have a salvage value of $10,000. On July 1, 2019, the company reviewed the potential of the machine and determined that it undiscounted future net cash flows totaled $200,000. If the impairment loss on 7/1/20 is determined to be $71,000 then how much are its discounted cash flows