A company is trying to do some long-range planning. They purchased the following asset: Cost of Asset: $105,000 Residual Value: $5,000 Estimated Usefiul Life: 20 years The company uses the straight-line method Required Calculate the amount of depreciation expense in the 19th year. Calculate the amount of accumulated depreciation at the end of the 19th year. QUESTION 13 A company purchased the following asset on October 1, 2020: Cost of Asset: $210,000 Residual Value: $10,000 Estimated Useful Life: 4 years The company uses the straight line method of depreciation Required Calculate the depreciation expense for 2020 and 2021 Calculate the accumulated depreciation as of 12-31-21 Calculate the carrying value of the asset as of 12-31-21