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When originally purchased, a vehicle had an estimated useful life of 10 years. The vehicle cost $45,000 and its estimated residual value is $4,000. After
When originally purchased, a vehicle had an estimated useful life of 10 years. The vehicle cost $45,000 and its estimated residual value is $4,000. After 3 years of straight-line depreciation, the asset's total estimated useful life was revised from 10 years to 7 years and there was no change in the estimated residual value. The depreciation expense in year 4 is (Round your final answer to the nearest whole number.) |
$1,300
$5,582
$5,857
$7,175
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