97. An asset was purchased for $50,000. It had an estimated salvage value of $10,000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $8,000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in year 6 would be

a. $6,000.

b. $4,400

. c. $3,000.

d. $4,200.

98. Equipment costing $20,000 with a salvage value of $4,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value the depreciation expense for year 3 would be

a. $2,400.

b. $5,333.

c. $4,000.

d. $2,400