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Question 17 17 The following information is available on a depreciable asset owned by Mutual Savings Bank Purchase date Purchase price June 1, Yeer 1 $85,000 $10,000 value Useful life Depreciation method stroight-line The assers book velue is $70.000 on June 1, Year 3. On thet date, management determines salvege velue should be $5.000 rether then the original estimate of $10.000. Bosed on this information, the amount of depreclation expense the compeny should recognize during the lest six months of Year 3 would be O $171875 O $2.18750 O $2.031.25 O $1.964.29 O $4.062.50 O Type here to search