Equipment costing $70,000 with a salvage value of $14,000 and an estimated life of eight years has been depreciated using the straight-line method for two years.Assuming a revised estimated total life of five years and no change in the salvage value, the depreciation expense for year three would be

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The Answer of Equipment costing $70,000 with a salvage value of $14,000 and an estimated life of eight years has been depreciated using the straight-line method for two years.Assuming a revised estimated total life of five years and no change in the salvage value, the depreciation expense for year three would be

Equipment Costing $70,000 with a Salvage Value of $14,000 and an Estimated