Multiple Choice Question 131 Equipment costing $90000 with a salvage value of $18000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for Year 3 would be $24000. $10800. $18000. $14400. Click if you would like to Show Work for this question: Open Show Work