On January 1, Year 1, Li Company purchased an asset that cost $60,000. The asset had an expected useful life of five years and an estimated salvage value of $12,000. LI uses the straight-line method for the recognition of depreciation expense, At the beginning of the fourth year, the compeny revised its estimated salvage value to $6,000. What is the emount of depreciotion expense to be recognized during Year 4 ? Nutisle Choice 59,600 512.600 975200 $15.600