When originally purchased, a vehicle had an estimated useful life of 8 years. The vehicle cost $35,000 and its estimated residual value is $3,000. After 3 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 4 years and there was no change in the estimated residual value. The Depreciation Expense in year 4 is: Multiple Choice $5,275. $7,725. $20,000 $8,000.