Multiple Choice
An asset was purchased for $100,000.It had an estimated residual value of $20,000 and an estimated useful life of ten years.After four years of use,the estimated residual value is revised to $14,000.Assuming straight-line depreciation,depreciation expense in year 5 of use would be
A) $7,667.
B) $8,572.
C) $9,000.
D) $14,334.
Correct Answer:

Verified
Correct Answer:
Verified
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