Question

When originally purchased, a vehicle had an estimated useful life of 12 years. The vehicle cost $47,000 and its estimated residual value is $2,000. After 3 years of straight-line depreciation, the asset’s total estimated useful life was revised from 12 years to 10 years and there was no change in the estimated residual value.
Required:
1. The Depreciation Expense in year 4 is ___________.
a. $7$7
b. $4,225
c. $4,821
d. $4,500

Answer 1

Answer:

66545

Explanation: