Q1- In 1/1/2014 ford company purchased equipment for 84,000 with estimated useful life of 8 years and residual value of 12,000 and had used straight-line depreciation during 2014 and 2015. At the beginning of 2016, the company determined that the equipment would be useful to the company for 12 years. Instructions Compute the amount of depreciation expense for the 2016 by using: a- Straight line​