An asset that cost $16,200 with a residual value of $1,200 and a useful life of 5 years was amortized for two years using the straight-line method.In the third year, the useful life was determined to be 2 years longer than initially expected.Amortization in the third year would be:
A)$3,000
B)$2,143
C)$2,040
D)$1,800

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The Answer of An asset that cost $16,200 with a residual value of $1,200 and a useful life of 5 years was amortized for two years using the straight-line method.In the third year, the useful life was determined to be 2 years longer than initially expected.Amortization in the third year would be:
A)$3,000
B)$2,143
C)$2,040
D)$1,800

An Asset That Cost $16,200 with a Residual Value of $1,200