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Solar Systems, Inc. purchased a telescope on January 1 , 2 0 2 4 , at a cost of $ 1 5 , 0 0

Solar Systems, Inc. purchased a telescope on January 1,2024, at a cost of $15,000. The telescope has an estimated useful life of 5 years and an estimated residual value of $3,000. The company uses straight line depreciation. On January 1,2025, the company revised the estimate of the telescope's useful life and determined that only three years remained, and the salvage value will remain $3,000. How much depreciation expense will be recorded on the December 31,2025, income statement?
$2,400
$3,200
$3,000
$4,000

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