Alcoa decided to write down one of its plant asset value from $50,000 to $40,000. At the time of the impairment, the asset still has 3 years remaining in its useful life, and has an estimated salvage value of $1,000. Assuming Alcoa uses straight line depreciation, what should be the depreciation expense for the year after impairment?

Question 36 options:

$13,333

$14,000

$16,333

$13,000