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Business, 07.08.2021 03:40 devin030505
When originally purchased, a vehicle costing $60,000 had an estimated useful life of 8 years and an estimated salvage value of $4,000. After 4 years of straight-line depreciation, the asset's total estimated useful life was revised from 8 years to 6 years and the estimated salvage value was reduced to $2,000. How much should be recorded as depreciation expense in year 5?
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