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Flowers plc has been depreciating on a straight-line basis an asset costing 24,000 with no scrap value using an estimated useful life of 5 years.

Flowers plc has been depreciating on a straight-line basis an asset costing 24,000 with no scrap value using an estimated useful life of 5 years. At the beginning of the Year 5 it increased its estimate of useful life by another 4 years.

What amount should Flowers include in its Statement of income as the depreciation expense for Year 5?

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