QUESTION 13 4 points On October 1, 2017, Mann Company places a new asset into service. The cost of the asset is $120,000 with an estimated 5-year life and $30,000 salvage value at the end of its useful life. What is the depreciation expense for 2017 if Mann Company uses the straight-line method of depreciation? CA. $4,500. B. $6,000. CC.$12,000. D. $24,000. QUESTION 14 4 points A plant asset was purchased on January 1 for $75,000 with an estimated salvage value of $15,000 at the end of its useful life. The annual depreciation expense is $5,000 calculated on the straight-line basis and the balance of the Accumulated Depreciation account at the end of the year is $35,000. The remaining useful life of the plant asset is CA. 15 years. B. 7 years. C. 12 years. D.5 years