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An asset was purchased for $ 6 5 , 0 0 0 and originally estimated to have a useful life of 1 0 years with

An asset was purchased for $65,000 and originally estimated to have a useful life of 10 years with a residual value of $3,000. After 2 years of straight-line depreciation, it
was determined that the remaining useful life of the asset was only 2 years with a residual value of $1,200.
a. Determine the amount of the annual depreciation for the first 2 years.
$
b. Determine the book value at the end of Year 2.
$
c. Determine the depreciation expense for each of the remaining years after revision.
$
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