Seminar 9's exercises: E9.4 (LO 2) Lafrenire Inc., reported the following information about two of its machines as at December 31, 2019. Machine Date Acquired Cost Useful Life (in years) Residual Value #1 Jan 1, 2011 $800,000 20 $40,000 #2 Jan. 1. 2019 120,000 5 5,000 Instructions 1. Calculate the annual depreciation for each asset using the straight-line method. 2. Calculate the accumulated depreciation and carrying amount of each asset on December 31, 2020 3. If the company determined at the beginning of 2021 that machine #2 now has a residual value of $10,000, would you expect the accumulated depreciation as at December 31, 2020, to change? If so, would it likely increase or decrease