An asset purchased for $14,000 that had a $4,000 salvage and a 4-year life was depreciated using straight line depreciation for two years.At the beginning of the third year,the total useful life of the asset is revised to 5 years.Show how the revised depreciation expense will affect the financial statements.

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The Answer of An asset purchased for $14,000 that had a $4,000 salvage and a 4-year life was depreciated using straight line depreciation for two years.At the beginning of the third year,the total useful life of the asset is revised to 5 years.Show how the revised depreciation expense will affect the financial statements.

An Asset Purchased for $14,000 That Had a $4,000 Salvage