On January 1, 2013, Leland Company Purchased an Asset That

Multiple Choice

On January 1, 2013, Leland Company purchased an asset that cost $20,000. The asset had an expected useful life of five years and an estimated salvage value of $4,000. Leland uses the straight-line method for the recognition of depreciation expense. At the beginning of the fourth year of usage, the company revised its estimated salvage value to $2,000. Based on this information, the amount of depreciation expense to be recognized at the end of 2016 is:

A) $4,200.
B) $3,200.
C) $8,400.
D) $5,200.