Justin, Inc purchased equipment for $100,000. The equipment had an estimated useful life of eight years and an estimated residual value of $12,000. After five years of use, the estimated residual value is changed to $18,000. Assuming straight-line depreciation, depreciation expense in year 6 would be
A) $9,000.
B) $10,250
C) $11,000.
D) $15,000.
A
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