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When originally purchased, a vehicle costing $23,580 had an estimated useful life of 8 years...

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Accounting

When originally purchased, a vehicle costing $23,580 had an estimated useful life of 8 years and an estimated salvage value of $1,900. 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:

Multiple Choice

  • $2,878.00.

  • $2,710.00.

  • $5,420.00.

  • $10,840.00.

  • $5,588.00.

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