Multiple Choice
When originally purchased,a vehicle had an estimated useful life of 8 years.The vehicle cost $25,000 and its estimated residual value is $3,000.After 3 years of straight-line depreciation,the asset's total estimated useful life was revised from 8 years to 5 years and there was no change in the estimated residual value.The depreciation expense in year 4 is
A) $6,875.
B) $4,400.
C) $4,125
D) $1,650.
Correct Answer:

Verified
Correct Answer:
Verified
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