Equipment costing $210000 with a salvage value of $24000 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 and no change in the salvage value, the depreciation expense for Year 3 would be

$46500.

$31000.

$23250.

$34875.

Answer rating: 100% (QA)

Given Cost of machine 210000 salvage value 24000 use full efe 8 years 3D 2o using s... View the full answer