USE THIS FOR THE Questions 2 thru 4 An asset is acquired on Jan of Year 1 (1/1/X1) and has cost of $135,000 with a salvage value of $15,000. It also has a useful life of 5 years. It is depreciated using the Straight Line Method. Q2. What will be the balance in accumulated deprecation on 12/31/X3 (December 31, Year 3)? Q3. What is the Net Book Value of this asset on 12/31/X4? Q4. If the asset is sold on January 1, of Year 5 (1/1/X5), for $63,000 cash, what is the Journal Entry needed to record the sale?