When originally purchased, a vehicle had an estimated useful life of 9 years. The vehicle...
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Accounting
When originally purchased, a vehicle had an estimated useful life of 9 years. The vehicle cost $21,000 and its estimated salvage value is $2,000. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 9 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals (round depreciation per year to a whole number):
$5,528
$6,278
$5,778
$5,278
$5,178
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