Equipment costing $20,000 with a salvage value of $4,000 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 6 years, and no change in the salvage value, the depreciation expense for Year 3 would beA. $4,000. B. $2,667. C. $3,000. D. $2,000
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