Multiple Choice Question 133 An asset was purchased for $260000. It had an estimated salvage value of $40000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $33000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be $29250 $23400 $36667. $44000