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Hat should be the depreciation expense for the first year

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Reference no: EM133061968

Question - Alcoa decided to write down one of its plant asset value from $52,000 to $46,000. At the time of the impairment, the asset still has 3 years remaining in its useful life, and has an estimated salvage value of $1,000. Assuming Alcoa uses straight line depreciation, what should be the depreciation expense for the first year after impairment?

a. $17,333

b. $15,333

c. $17,000

d. $15,000

Reference no: EM133061968

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