Equipment costing $40,000 with a salvage value of $8,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years. Assuming a revised estimated total life of 6 years __ change in the salvage value, the depreciated expense for the year should be:

A. $6,000
B. $5,300
C. $8,000
D. $4,000

Ans: A. $6,000

Business

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