When Indigo Compary acquired new equipment costing 54,150 on the first doy of the year, the bookkeeper debned Depreciation Expense and ciedited Cash tor the whole amount The equipment has an expected service of 5 years and an expected residual value of 3790 . Required t What is the correct amount of depreciation expense indipo shouid report an the year end income statement? 3 fiequired 2 What is the amount for accumulated depreciation Indigo shouid show on the year end balance sheect itype it as a posstive numberls Recquired 3 Whatget armount (it), cost net of accumulated depreciation) shoutd indipo show for equipmert an ithe yeat end batance