Which of the following is an example of an extraordinary repair? Multiple Choice New tires for a truck. Replacement of all florescent light tubes in an office. Carpet cleaning and repair. Replacing the roof on a manufacturing warehouse. New tires for a truck. Replacement of all florescent light tubes in an office. Carpet cleaning and repair. Replacing the roof on a manufacturing warehouse. Routine machine maintenance. Once the estimated depreciation expense for an asset is calculated: Multiple Choice It cannot be changed. It may be revised based on new information. Any changes are accumulated and recognized when the asset is sold. o o The estimate itself cannot be changed; however, new information should be disclosed in financial statement footnotes. o O Any changes are accumulated and recognized when the asset is sold. o The estimate itself cannot be changed; however, new information should be disclosed in financial statement footnotes. o It can be changed only if U.S. tax law changes. Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straight-line method. The machine's useful life is estimated to be 5 years with a $4,000 salvage value. Depreciation expense in year 2 is: Multiple Choice $4,800. 04.000 $4,000. $9,600. 59.600. o $200 $20,000. $4,800. . $4,000. $9,600. $20,000