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Question
When originally purchased, a vehicle costing $23,000 had an estimated useful life of 8 and an estimated salvage value of $1,500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5: equals:A.$ 5,375.00.
B.$ 2,687.50.
C.$ 5,543.75.
D.$10,750.00.
E.$ 2,856.25.
Answer
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