Question ABC company acquired new recycling equipment at cost of $110,000 on May 1"2010. It has the estimated useful life of 10 years and residual value of $15,000. Requirement: Determine the followings using straight line method: A) Depreciation expense for 2010 (on December 31") B) Accumulated depreciation on December 31" 2017. C) Book value of the equipment on January 1" 2014 D) Book value of the asset on July 10m2016 E) Accumulated depreciation on March 222015 F) Journalize the sale of the equipment on December 31" 2018 for $10,000 G) Journalize the sale of the equipment on September 13" 2016 for $12,000 H) On 5" January 2017, ABC revised its estimate for the equipment, it estimated the equipment has remaining useful life of 6 years and revised residual value of $3000. Calculate annual deprecation expense after revising