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When originally purchased, a vehicle costing $25,920 had an estimated useful life of 8 years and an estimated salvage value of $3,200. After 4
When originally purchased, a vehicle costing $25,920 had an estimated useful life of 8 years and an estimated salvage value of $3,200. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value. The depreciation expense in year 5 equals: Multiple Choice $5,680.00 $11,360.00. $2,840.00. $3,008.00. $5,848.00.
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