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Determine the depreciation expense in year five

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Reference no: EM133088218

Question - When originally purchased, a vehicle costing $23,400 had an estimated useful life of 8 years and an estimated salvage value of $1,800. 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. Determine the depreciation expense in year five?

Reference no: EM133088218

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