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Question Content Area Equipment with a cost of $86,480, an estimated residual value of $6,425, and an estimated life of 13 years was depreciated by
Question Content Area Equipment with a cost of $86,480, an estimated residual value of $6,425, and an estimated life of 13 years was depreciated by the straight-line method for 7 years. Due to obsolescence, it was determined that the remaining useful life should be shortened by 5 years and the residual value changed to zero. The depreciation expense for the current and future years is
a.$43,373.46
b.$43,106.54
c.$3,336.42
d.$3,614.46
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