The following information is available on a depreciable asset: The asset's book value is $66,000 on January 1 , Year 3. On that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. Based on this information, the amount of depreciation expense the company should recognize during Year 3 would be: $6,600.00$8,250.00$7,000.00$6,100.00$7,625.00 The following information is available on a depreciable asset: The asset's book value is $66,000 on January 1 , Year 3. On that date, management determines that the asset's salvage value should be $5,000 rather than the original estimate of $10,000. Based on this information, the amount of depreciation expense the company should recognize during Year 3 would be: $6,600.00$8,250.00$7,000.00$6,100.00$7,625.00