An Asset Was Purchased for $100,000

question 12

Multiple Choice

An asset was purchased for $100,000.It had an estimated residual value of $20,000 and an estimated useful life of ten years.After four years of use,the estimated residual value is revised to $14,000.Assuming straight-line depreciation,depreciation expense in year 5 of use would be

• A)$7,667.
• B)$8,572.
• C)$9,000.
• D)$14,334.

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