Question: what would be the expense in year 6? Question 8 of 50 -75 View Policies Current Attempt in Progress An asset was purchased for $200000.

what would be the expense in year 6?

Question 8 of 50 -75 View Policies Current Attempt in Progress An asset was purchased for $200000. It had an estimated salvage value of $40000 and an estimated useful life of 10 years. After 5 years of use, the estimated salvage value is revised to $33000 but the estimated useful life is unchanged. Assuming straight-line depreciation, depreciation expense in Year 6 would be $32000 521750 517800 $26667

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