Yellow Plc purchased an asset 6 years ago for €75 000.At that time it was deemed to have a residual value of €15 000 and estimated useful life of 6 years.After 4 years of use the asset was overhauled at a cost of €35 000.The overhaul extended the useful life of the asset by 4 more years but reduced its residual value to €7000.Assuming the straight-line method of depreciation is applied,calculate the depreciation expense in the year after the overhaul (rounded to the nearest euro)?

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The Answer of Yellow Plc purchased an asset 6 years ago for €75 000.At that time it was deemed to have a residual value of €15 000 and estimated useful life of 6 years.After 4 years of use the asset was overhauled at a cost of €35 000.The overhaul extended the useful life of the asset by 4 more years but reduced its residual value to €7000.Assuming the straight-line method of depreciation is applied,calculate the depreciation expense in the year after the overhaul (rounded to the nearest euro)?

Yellow Plc Purchased an Asset 6 Years Ago for €75