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Multiple Choice Question 130 An asset was purchased for $480000. It had an estimated salvage value of $80000 and an estimated useful life of 10

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Multiple Choice Question 130 An asset was purchased for $480000. It had an estimated salvage value of $80000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $64000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be $28000. $41600. $43200. $56000

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