Moving to another question will save this response. Question 12 Question 12 of 15 5 points In January 2009, Rashed enterprises purchased equipment for 710,000 and was estimated to have a useful life of 14 years with a residual value of 10,000. At the end of 2019, it was determined that the equipment is of lower quality and there was a change of estimates accordingly. The useful site is now estimated to be 15 years with 10,000 residual value. (A figures are in AEDI (5 Marks) Required A Compute the depreciation expenses for 2020 (1 mark) Show the journal record for 2020 (1 mark) C Explain three factors involved in the depreciation process (3 Marks)