The KC Aquarium acquired five new power filters for their fish tanks on April 1, 2020. The filters cost a total of $62,000 plus $2,100 in sales taxes, for which KC Aquarium issued a check. The company estimates the filters will have a value of $10,000 when the company finishes using them in 5 years.

he KC Aquarium acquired five new power filters for their fish tanks on April 1, 2020. The filters cost a total of 62,000 plus $2,100 in sales taxes, for which KC Aquarium issued a check. The company estimates the filters will ave a value of $10,000 when the company finishes using them in 5 years. 1. Which accounts will be affected by the accounting entry for the acquisition of the filters on April 1, 2020? 2. Calculate the amount of straight-line depreciation KC Aquarium will record each year (rounded to the nearest dollar). 3. How much depreciation will be recorded for the year ended December 31, 2020? Which accounts will be affected