Question 2 20 pts (a) A used La Ferrari that costs $7,000,000 has a life of 8 years with a $800,000 salvage value. The estimated annual operating and maintenance cost is $93,000 per year. Use classical straight line depreciation to determine the annual depreciation at the end of year 5. [5] (b) A brand new KN95 mask dispenser acquired at a cost of $79,000 has an estimated $9,000 salvage value and an estimated 10-year useful life. Determine the following: The amount of annual straight-line depreciation. The amount of depreciation for the third year computed by the double declining balance method. The amount of depreciation for the second year computed by the sum-of-years'-digits method. [15]