Multiple Choice Question 155 Equipment costing $120,000 with a residual value of $24,000 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 residual value, the depreciation expense for year 3 would be O $24,000. $14,400. $32,000. O $19,200. DELL Question Attempts: 0 of 1 used SAVE FOR LATER SUBMIT ANSWER ENG 08:05-> T-TV-V-1 F3 FA F5 F6 F7 FB FO F10 F11 F12 Priser Insert 144 711 7 A 3881