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 $6 , 000 . Li uses the straight-line method for the recognition of depreciation expense. At the beginning of the fourth year, the company revised its estimated salvage value to $3 , 000 . What is the amount of depreciation expense to be recognized during Year 4 ? Multiple Choice $6 , 300 $4 , 800 $12 , 600 57.800 On January 1, Year 1, Milton Manufacturing Company purchased equipment with a list price of $27 , 000 . A total of 2,000 was paid for installation and testing. During the first year, Milton paid $3 , 000 for insurance on the equipment nd another $600 for routine maintenance and repairs. Milton uses the units-of-production method of depreciation. Jseful life is estimated at 100,000 units, and estimated salvage value is $4 , 000 . During Year 1, the equipment produced 4,000 units. What is the amount of depreciation for Year 1 ? Multiple Choice $4 , 004 $3 , 500 $4 , 480 $3 , 920