Motown purchased an asset with the following information available:\ Straight-line method of depreciation is used.\ 11/1/X3 Date Useful Life Changed 1/1/X8\ $ 1,230,000 Revised Estimated Useful Life 15\ 5\ IGNORE INCOME TAXES\ 11.) The yearly depreciation expense after the change in estimates is:\ Cost of Asset\ Estimated Useful Life\ Date Placed in Service\ Page 5 of 9Motown purchased an asset with the following information available:\ Straight-line method of depreciation is used.\ 11/1/X3 Date Useful Life Changed 1/1/X8\ $ 1,230,000 Revised Estimated Useful Life 15\ 5\ IGNORE INCOME TAXES\ 11.) The yearly depreciation expense after the change in estimates is:\ Cost of Asset\ Estimated Useful Life\ Date Placed in Service\ Page 5 of 9