Equipment with a cost of $65,520, an estimated residual value of $3,120, and an estimated life of 13 years was depreciated by the straight-line method for 6 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero. The depreciation expense for the current and future years is a. $28,800 b. $4,080 c. $9,180 d. $2,825

Equipment with a cost of $65,520, an estimated residual value of $3,120, and an estimated life of 13 years was depreclated by the straight-line method for 6 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 3 years and the residual value changed to zero, The depreciation expense for the current and future years is 6. 5,040 1. 59,13in a. 53,454