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Accounting homework, please help. Can you please include how to do it. 37. When originally purchased, a vehicle had an estimated useful life of 8

image text in transcribedAccounting homework, please help. Can you please include how to do it.

37. When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $23,000 and its estimated salvage value is $1,500. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: A. $ 5,375.00. B. $ 2,687.50. C. $ 5,543.73. D. $10,750.00. E. $ 2,856.25

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