When Originally Purchased,a Vehicle Had an Estimated Useful Life of 8

Multiple Choice

When originally purchased,a vehicle had an estimated useful life of 8 years.The vehicle cost $23,000 and its estimated salvage value is $1,500.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:

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