An asset that cost $16,200 with a residual value of $1,200 and a useful life of 5 years was depreciated 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.Depreciation in the third year would be
A) $3,000.
B) $2,143.
C) $2,040.
D) $1,800.
Correct Answer:
Verified
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