An Asset Was Purchased for $200,000

question 125

Multiple Choice

An asset was purchased for $200,000.It had an estimated residual value of $40,000 and an estimated useful life of ten years.After four years of use,the estimated residual value is revised to $28,000.Assuming straight-line depreciation,depreciation expense in year 5 of use would be

• A) $18,000.
• B) $17,144.
• C) $28,668.
• D) $15,333.

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