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Management Studies

A company purchased a vehicle with an estimated useful life of 8 years. The vehicle cost $20,000 and its estimated salvage value is $2,000. 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:

$2,250.

$2,500.

$4,500.

$4,750.

$5,000.

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9105343

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