Question

On january 1, year 1, li company purchased an asset that cost $30,000. The asset had an expected useful life of five years and an estimated salvage value of $6000. Li uses the straight-line method for the recognition of depreciation expense. At the beginning of the fourth year of usage, the company revised its estimated salvage value to $3000. Based on this information, the amount of depreciation expense to be recognized at the end of year 4 is:

Answer 1

Explanation:

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Answer 2

Answer:

63,000

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