Question: On January 1 , 2 0 2 0 , a company purchased a depreciable asset for $ 6 0 0 , 0 0 0 with

On January 1,2020, a company purchased a depreciable asset for $600,000 with an estimated salvage value of $60,000, and an estimated useful life of 9 years. The company uses the straight-line method of depreciation for such assets. In 2023, the company changed its estimates for this asset to a total useful life of 5 years with a salvage value of $90,000. What is the 2023 depreciation expense?
Question 10 options:
$90,000
$180,000
$165,000
$60,000

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