When Originally Purchased,a Vehicle Had an Estimated Useful Life of Eight

Multiple Choice

When originally purchased,a vehicle had an estimated useful life of eight years.The vehicle cost $23,000 and its estimated salvage value is $1,500.After four years of straight-line depreciation,the asset's total estimated useful life was revised from eight years to six years and there was no change in the estimated salvage value.The depreciation expense in year 5 equals:

A) $5,375.00
B) $2,687.50
C) $5,543.75
D) $10,750.00
E) $2,856.25