QUESTION 14 Which of the following is not a major characteristic of a fixed asset? It provides service over a number of years It possesses physical substance It is acquired for resale It is acquired for use QUESTION 15 2.5 poir Morgan Corporation purchased a depreciable asset for $600,000 on January 1, 2018. The estimated salvage value is $60,000, and the estimated useful life is 9 years. The straight-line method is used for depreciation. In 2021, Morgan changed its estimates to a total useful life of 5 years from original purchase with a salvage value of $90,000. What is 2021 depreciation expense? $180,000 $165,000 $60,000 $90,000