A machine costing $66,095 with a 5-year life and $60,727 depreciable cost was purchased January 1. Compute the yearly depreciation expense using straight-line depreciation. Round your answer to the nearest whole dollar.

$fill in the blank 1

_______per year

An asset was purchased for $132,000 on January 1, Year 1 and originally estimated to have a useful life of 10 years with a residual value of $8,000. At the beginning of the third year, it was determined that the remaining useful life of the asset was only 4 years with a residual value of $1,600. Calculate the third-year depreciation expense using the revised amounts and straight-line method.

a.$26,900.00

b.$25,400.00

c.$26,400.00

d.$27,400.00