Equipment costing $60,000 with a salvage value of $12,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years.Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for Year 3 would be
A)$7,200.
B)$16,000.
C)$12,000.
D)$9,600.

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The Answer of Equipment costing $60,000 with a salvage value of $12,000 and an estimated life of 8 years has been depreciated using the straight-line method for 2 years.Assuming a revised estimated total life of 5 years and no change in the salvage value, the depreciation expense for Year 3 would be
A)$7,200.
B)$16,000.
C)$12,000.
D)$9,600.

Equipment Costing $60,000 with a Salvage Value of $12,000 and an Estimated