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
Q111: Which of the following is not the
Q112: Your company buys a computer server that
Q113: Holly,Inc.has a building that originally cost $562,500.Holly
Q114: Companies within the same industry do not
Q115: Xit Company bought a new delivery truck.The
Q117: The straight-line depreciation method and the double-declining-balance
Q118: Your company has net sales revenue of
Q119: Company A uses an accelerated depreciation method
Q120: Depreciable cost equals an asset's cost:<br>A)divided by
Q121: A piece of equipment was acquired on