When originally purchased, a vehicle costing $25,200 had an estimated useful life of 8 years and an estimated salvage value of $

Question

2 years ago

8

When originally purchased, a vehicle costing $25,200 had an estimated useful life of 8 years and an estimated salvage value of $

2,800. 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:?

Mathematics

1 answer:

hichkok12 [17] · Answer 1 · 2022-06-05T08:24:49+03:00

hichkok12 [17]2 years ago

7 0

The depreciated value in year 4 is 14,000. In year 5, it is 8,400. The depreciation expense in year 5 is
.. $14,000 -8,400 = $5,600