Question 8 (6 points) Daisy Duck purchases a forklift for $20,000 on March 1, 2019. The forklift is expected to have a five-year life, with a residual value of $5,000 at the end of five years. Daisy uses the straight-line method of depreciation. Round to nearest dollar for calculations. 1. What is the depreciation expense for 2019? 2. What is the depreciation expense for 2020? 3. What is the book value on 12/31/20? 4. What would be the accumulated depreciation on 12/31/21? E E