A company owns an operational asset acquired on January 1,2006 at a cost of $10,000.It had an estimated useful life of 5 years,no residual value,and was being depreciated on a straight-line basis.On December 31,2007,it was determined that the total useful life would be 4 years.The following adjusting entry (assuming no adjusting entries have been made) for the accounting year ended December 31,2007 should be made (rounded to the nearest dollar) : 
Definitions:
Decisions
The choices made by individuals or organizations among two or more alternatives.
Return On Investment
A financial metric used to evaluate the efficiency of an investment or compare the efficiency of several investments, calculating the return relative to the investment's cost.
Income From Operations
Revenue generated from a company's regular business activities, excluding revenue from non-operating sources.
Invested Assets
Assets that have been allocated or invested in various forms such as stocks, bonds, or real estate, aiming for a financial return.
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