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When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $55,000 and its estimated residual value is $4,000. After

When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $55,000 and its estimated residual value is $4,000. After 3 years of straight-line depreciation, the assets total estimated useful life was revised from 12 years to 9 years and there was no change in the estimated residual value. The Depreciation Expense in year 4 is:

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$5,667.

$5,392.

$983.

$6,375.

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