USE THE FOLLOWING INFORMATION FOR QUESTIONS #13-14: R&R Corporation acquires a brand new building. The details for this new asset are below including the company's selected depreciation method: Asset acquired for: $ 420,000 Company's determined residual value: $ 40,000 Date of asset acquisition: 1/ 1/X1 Asset's determined useful life: 10 years Company's depreciation method: Straight-Line Asset Disposed of on: May 31, 20X2 Asset Sold for: $ 400,000 Assume R&R bought the asset with Cash