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Chen Corporation purchased equipment on January 1, year 1, for $100,000. The equipment...

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Accounting

Chen Corporation purchased equipment on January 1, year 1, for $100,000. The equipment was depreciated using the units-of-output method. During years 1 and 2, respectively, Chen recorded depreciation expense of $10,000 and $30,000. During year 3, Chen changed to the straight-line depreciation metlYod and estimated that the equipment had a remaining useful life of 10 years and no residual value. What is the depreciation expense Chen should report during year 3?
$6,000
$10,000
$0
$4,000
image

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