When originally purchased, a vehicle had a cost of $23,000, with an estimated residual value...
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When originally purchased, a vehicle had a cost of $23,000, with an estimated residual value of $1,500. The estimated useful life is 8 years. After 4 years of straight-line depreciation, the estimated useful life was revised from 8 to 6 years, but with zero residual value. The depreciation expense in year 5 should be Multiple Choice $10,750.00 $2.687.50 $5,543.75 $6,125.00 $2,856.25
When originally purchased, a vehicle had a cost of $23,000, with an estimated residual value of $1,500. The estimated useful life is 8 years. After 4 years of straight-line depreciation, the estimated useful life was revised from 8 to 6 years, but with zero residual value. The depreciation expense in year 5 should be
Multiple Choice
$10,750.00
$2.687.50
$5,543.75
$6,125.00
$2,856.25
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