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The following information is available on a depreciable asset owned by Mutual Savings Bank Purchase date Purchase price Salvage value Useful life Depreciation method Duly

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The following information is available on a depreciable asset owned by Mutual Savings Bank Purchase date Purchase price Salvage value Useful life Depreciation method Duly 1, Year 1 $82,600 $11,400 8 years straight-line The asset's book value is $64.800 on July 1. Year 3. On that date, management determines that the asset's salvage value should be $6.400 rather than the original estimate of $11,400. Based on this information, the amount of depreciation expense the company should recognize during the last six months of Year 3 would be: Multiple Choice O S4,866.67 $1.958.33 1958 23 O O $2,433.33 O $2,700.00 O $2,366.37 O

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